NY S06040

Cities with populations of 100,000 or more are authorized to adopt local laws providing a salary increase of at least 5 percent for police officers who are city residents.

Cities with populations of 100,000 or more may grant an additional 5-point credit on competitive civil service examinations for police officer positions to residents of that city.

Cities with populations of 100,000 or more may adopt local laws providing a real property tax exemption of up to $10,000 (multiplied by the state equalization rate) for owner-occupied residences of resident police officers, excluding cities with populations over 1 million.

Cities with populations of 100,000 or more are authorized to provide a resident police officer tax credit of $500 annually against city income taxes for police officers residing in the city where they work.

A police officer loan forgiveness program provides eligible officers employed in participating cities up to $2,000 annually for a maximum of 6 years to cover student loans incurred through City University or State University of New York.