NY A05967

Authorizes cities with populations over 100,000 to increase salaries of resident police officers by at least 5 percent of base salary through local law.

Allows cities with populations over 100,000 to grant 5 additional points on competitive civil service examinations for police officer positions to city residents.

Establishes a $500 annual city income tax credit for resident police officers serving in cities with populations over 100,000, prorated based on days of service and residency during the taxable year.

Creates a $10,000 real property tax exemption for primary residences owned by resident police officers in cities over 100,000 (excluding cities with populations over 1 million), provided the city adopts a local law.

Establishes a police officer loan forgiveness program allowing eligible officers employed in participating cities to receive up to $2,000 annually for up to six years to cover student loan expenses from City University or State University of New York.