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NY S07679
Bill
Status
5/28/2014
Primary Sponsor
Kenneth LaValle
Click for details
AI Summary
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Hampton Bays Public Library is entitled to a $36,281 payment from the Town of Southampton for 2014 from its community preservation fund, but the payment was not made due to administrative error.
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The Town of Southampton will make both the 2014 and 2015 payments as part of its 2015 budget, which would artificially lower the library's 2015 tax levy limit if both payments are counted in that year.
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The 2014 payment of $36,281 shall be attributed to the prior fiscal year rather than 2015 for purposes of calculating the library's 2015 tax levy limit, preventing the requirement of a sixty percent supermajority for budget adoption.
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This treatment allows Hampton Bays residents to remain eligible for a state tax rebate on any increase in the library tax levy.
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The act takes effect immediately.
Legislative Description
Makes certain findings and determinations with respect to certain payments to the Hampton Bays Public Library from the Town of Southampton, county of Suffolk, from its community preservation fund in relation to the limit upon real property tax levies by local governments.
Last Action
RECOMMITTED TO RULES
6/20/2014