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NY A00351
Bill
Status
1/8/2025
Primary Sponsor
Amy Paulin
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AI Summary
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Temporarily increases the allowable surplus fund threshold for school districts from 4% to 5% of the current school year budget for three consecutive school years: 2026-2027, 2027-2028, and 2028-2029
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Requires school district collecting officer warrants to state the amount of unexpended surplus funds and confirm they have been applied in determining the school tax levy
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Excludes funds properly retained under other sections of law from the surplus fund calculation
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Updates gendered language in the statute, changing "his name" to "such person's name" when referring to individuals on the school tax roll
Legislative Description
Provides that for the two thousand twenty-six--two thousand twenty-seven school year, the two thousand twenty-seven--two thousand twenty-eight school year, and the two thousand twenty-eight--two thousand twenty-nine school year, surplus funds as used in this subdivision shall mean any operating funds in excess of five percent of the current school year budget, and shall not include funds properly retained under other sections of law.
Last Action
referred to real property taxation
1/7/2026