New York A 6008: Relates to the amount of surplus funds which may be retained by a school district

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A06008 Summary:

BILL NOA06008 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORGriffin

&nbsp

COSPNSRButtenschon

&nbsp

MLTSPNSR

&nbsp

Amd §1318, RPT L

&nbsp

Relates to the amount of surplus funds which may be retained by a school district; establishes surplus funds for the 2024-2025 school year through the 2028-2029 school year shall mean any operating funds in excess of 8% of the current school year budget.

Go to top A06008 Actions:

BILL NOA06008 

&nbsp

02/25/2025referred to education

01/07/2026referred to education

Go to topA06008 Committee&nbspVotes:

Go to topA06008 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA06008 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6008

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 25, 2025
 ___________

 Introduced by M. of A. GRIFFIN -- read once and referred to the Commit-
 tee on Education

 AN ACT to amend the real property tax law, in relation to the amount of
 surplus funds which may be retained by a school district; and provid-
 ing for the repeal of such provisions upon expiration thereof

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision 1 of section 1318 of the real property tax law,
 2 as amended by chapter 238 of the laws of 2007, is amended to read as
 3 follows:
 4 1. The warrant of the collecting officer shall be signed by the trus-
 5 tee, or the trustees, or a majority of them, or the board of education
 6 or a majority thereof. Such warrant shall state the amount of unexpended
 7 surplus funds in the custody of the board and shall further state that
 8 except as authorized or required by law, such unexpended surplus funds
 9 have been applied in determining the amount of the school tax levy. For
 10 the two thousand seven--two thousand eight school year, surplus funds as
 11 used in this subdivision shall mean any operating funds in excess of
 12 three percent of the current school year budget, and shall not include
 13 funds properly retained under other sections of law. For the two thou-
 14 sand eight--two thousand nine school year, and thereafter, surplus funds
 15 as used in this subdivision shall mean any operating funds in excess of
 16 four percent of the current school year budget, and shall not include
 17 funds properly retained under other sections of law. For the two thou-
 18 sand twenty-four--two thousand twenty-five school year through the two
 19 thousand twenty-eight--two thousand twenty-nine school year, surplus
 20 funds as used in this subdivision shall mean any operating funds in
 21 excess of eight percent of the current school year budget, and shall not
 22 include funds properly retained under other sections of law. Such
 23 warrant shall have the same force and effect as a warrant issued by a
 24 board of supervisors to a collecting officer in a town. The collecting

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07979-01-5

 A. 6008 2

 1 officer to whom it may be delivered for collection shall be thereby
 2 authorized and required to collect from every person named on such
 3 school tax roll the sum set opposite [his] each person's name, or the
 4 amount due from any person specified therein, in the same manner and
 5 with the same powers that collecting officers in towns are authorized to
 6 collect taxes levied by the board of supervisors.
 7 § 2. This act shall take effect immediately and shall expire and be
 8 deemed repealed July 1, 2029.

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