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NY A06157

Bill

Official Source

Status

Introduced

2/26/2025

Primary Sponsor

Donna Lupardo

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Increases the allowable school district surplus fund cap from 4% to 6% of the current school year budget, effective for the 2027-2028 school year and thereafter
  • Surplus funds exceeding this threshold must be applied to reduce the school tax levy
  • Funds properly retained under other sections of law are excluded from the surplus calculation
  • Updates gendered language in the statute from "his" to "their"
  • Takes effect 120 days after becoming law

Legislative Description

Relates to school district unexpended surplus funds; provides that for the 2027--2028 school year and thereafter, surplus funds shall mean any operating funds in excess of six percent of the current school year budget, and shall not include funds properly retained under other sections of law.

Last Action

referred to education

1/7/2026

Committee Referrals

Education2/26/2025

Full Bill Text

No bill text available