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NY A07480
Bill
Status
3/28/2025
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
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Extends eligibility for special state apportionments to school districts with populations between 195,000 and 219,000 inhabitants according to the latest federal census
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Allows qualifying districts to apply to the Commissioner of Education by June 30, 2025 for reimbursement of additional public pension accrual costs
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Covers additional pension liability accruals incurred during both the 2023-2024 and 2024-2025 school years resulting from changes in accounting methodologies
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Requires certification of the additional accrual amount by the board of education president, trustees, or mayor (for cities over 125,000 population)
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Takes effect April 1, 2025, or immediately upon enactment if passed after that date, with retroactive application
Legislative Description
Grants a special apportionment to school districts having a population of between 195,000 and 219,000, for additional expenses incurred in the 2023-2024 and 2024-2025 school years associated with changes in public pension liabilities.
Last Action
referred to education
1/7/2026