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NY A05926
Bill
Status
Introduced
2/25/2025
Primary Sponsor
Donna Lupardo
Click for details
AI Summary
- Amends Education Law section 2023-a regarding limitations on school district tax levies
- Establishes that when the prior year's tax levy minus the calculated tax levy limit results in a negative number, the tax levy limit defaults to a zero percent increase over the prior year
- Prevents school districts from being required to reduce their tax levy below the previous year's amount due to tax cap formula calculations
- Requires school districts to submit tax levy limit information to the state comptroller, education commissioner, and commissioner of taxation and finance by March 1st of each year
- Takes effect immediately upon enactment
Legislative Description
Provides that the tax levy limit shall be equal to a zero percent increase over the prior year tax levy when the difference between the total amount of taxes levied for the prior year less the tax levy limit results in a negative number.
Last Action
referred to education
1/7/2026
Committee Referrals
Education2/25/2025
Full Bill Text
No bill text available