New York A 3420: Creates a school budget tax cap exemption for expenditures resulting from settlements or jury awards under the child victims act

Bill Text

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A03420 Summary:

BILL NOA03420 

&nbsp

SAME ASNo Same As

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SPONSORConrad

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COSPNSRMcMahon

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MLTSPNSR

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Amd §§2023-a, 1608, 1716 & 2022, Ed L

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Creates a school budget tax cap exemption for expenditures resulting from settlements or jury awards for civil actions brought against school districts under the child victims act.

Go to top A03420 Actions:

BILL NOA03420 

&nbsp

01/27/2025referred to education

01/07/2026referred to education

Go to topA03420 Committee&nbspVotes:

Go to topA03420 Floor&nbspVotes:

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

Go to topA03420 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3420

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 27, 2025
 ___________

 Introduced by M. of A. CONRAD -- read once and referred to the Committee
 on Education

 AN ACT to amend the education law, in relation to creating a school
 budget tax cap exemption for expenditures resulting from settlement
 awards in civil actions brought against school districts under the
 child victims act

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

 1 Section 1. Paragraph i of subdivision 2 of section 2023-a of the
 2 education law, as added by section 2 of part A of chapter 97 of the laws
 3 of 2011, is amended to read as follows:
 4 i. "Tax levy limit" means the amount of taxes a school district is
 5 authorized to levy pursuant to this section, provided, however, that the
 6 tax levy limit shall not include the following:
 7 (i) a tax levy necessary for expenditures resulting from court orders
 8 or judgments against the school district arising out of tort actions for
 9 any amount that exceeds five percent of the total tax levied in the
 10 prior school year;
 11 (ii) a tax levy necessary for expenditures resulting from court orders
 12 or judgments against the school district arising out of civil claims or
 13 causes of action brought pursuant to section two hundred fourteen-g of
 14 the civil practice law and rules;
 15 (iii) in years in which the system average actuarial contribution rate
 16 of the New York state and local employees' retirement system, as defined
 17 by paragraph ten of subdivision a of section nineteen-a of the retire-
 18 ment and social security law, increases by more than two percentage
 19 points from the previous year, a tax levy necessary for expenditures for
 20 the coming fiscal year for school district employer contributions to the
 21 New York state and local employees' retirement system caused by growth
 22 in the system average actuarial contribution rate minus two percentage
 23 points;

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06771-01-5

 A. 3420 2

 1 [(iii)] (iv) in years in which the normal contribution rate of the New
 2 York state teachers' retirement system, as defined by paragraph a of
 3 subdivision two of section five hundred seventeen of this chapter,
 4 increases by more than two percentage points from the previous year, a
 5 tax levy necessary for expenditures for the coming fiscal year for
 6 school district employer contributions to the New York state teachers'
 7 retirement system caused by growth in the normal contribution rate minus
 8 two percentage points; and
 9 [(iv)] (v) a capital tax levy.
 10 § 2. Subdivision 1, subparagraph 4 of paragraph a of subdivision 3,
 11 paragraph (a) of subdivision 6, and subdivision 9 of section 2023-a of
 12 the education law, as added by section 2 of part A of chapter 97 of the
 13 laws of 2011, are amended to read as follows:
 14 1. Generally. Unless otherwise provided by law, the amount of taxes
 15 that may be levied by or on behalf of any school district, other than a
 16 city school district of a city with one hundred twenty-five thousand
 17 inhabitants or more, shall not exceed the tax levy limit established
 18 pursuant to this section, not including any tax levy necessary to
 19 support the expenditures pursuant to subparagraphs (i) through [(iv)]
 20 (v) of paragraph i of subdivision two of this section.
 21 (4) Subtract the tax levy necessary to support the expenditures pursu-
 22 ant to subparagraphs (i) and [(iv)] (v) of paragr