S T A T E   O F   N E W   Y O R K
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                                   212

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced by M. of A. ABINANTI -- read once and referred to the Commit-
  tee on Real Property Taxation

AN  ACT  to amend the real property tax law, in relation to establishing
  equalization rates for Greenburgh central school district

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 3 of section 1230 of the real property tax law,
as  amended  by section 54 of part A1 of chapter 58 of the laws of 2006,
is amended to read as follows:
  3. Special equalization rates shall be established for  the  following
school districts:
  Amityville union free school district
  Brentwood school district
  Central Islip school district
  Freeport union free school district
  GREENBURGH CENTRAL SCHOOL DISTRICT
  Hempstead union free school district
  Roosevelt union free school district
  Tuckahoe union free school district
  Uniondale union free school district
  Westbury union free school district
  Wyandanch school district
  S  2.  For  calculation  of  aid apportioned to the Greenburgh central
school district for any project  for  which  aid  is  first  apportioned
pursuant  to  subdivision  6  of section 3602 of the education law on or
after July 1, 2015, the district shall compute aid under the  provisions
of such subdivision using the greater of:
  a. the building aid ratio computed for use in the current year; or

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02749-01-5

              

A. 212                              2

  b. a building aid ratio equal to the difference of the selected build-
ing  aid  ratio  equivalent computed pursuant to this section, less one-
tenth.
  (1)  The  selected building aid ratio equivalent shall be the positive
difference of:
  (a) one, less
  (b) the product, computed to three decimal places without rounding, of
  (i) the quotient, computed to three decimal places  without  rounding,
of
  (A)  the quotient, computed to the nearest whole number without round-
ing, of
  (I) the actual valuation of the school district, as  defined  pursuant
to subdivision 1 of section 3602 of the education law, divided by
  (II) the equivalent pupils of the school district
  (B)  divided  by the state average actual valuation per pupil computed
pursuant to subdivision 3 of section 3602 of the education  law,  multi-
plied by
  (ii) fifty-one percent.
  Such aid ratio shall not be less than zero.
  (2)  The  equivalent  pupils  of  the  school  district  shall  be the
quotient, computed to the nearest whole number without rounding, of
  (a) an equivalent actual valuation equal to the amount that  would  be
computed obtained by taking the assessed valuation of taxable real prop-
erty  within such district as it appears upon the assessment roll of the
town in which such property is located, for the calendar year two  years
prior  to  the  calendar  year  in  which the base year commenced, after
revision as provided by law, and dividing it by the  state  equalization
rate  as  determined  by the state office of real property services, for
the assessment roll of such town completed during such preceding  calen-
dar year, divided by
  (b)  the  product, computed to the nearest whole number without round-
ing, of
  (i) the state average actual valuation per pupil computed pursuant  to
subdivision 3 of section 3602 of the education law, multiplied by
  (ii) the quotient, computed to three decimals without rounding, of
  (A) the positive difference of
  (I) one less
  (II) the building aid ratio that was used or that would have been used
to compute an apportionment pursuant to subdivision 6 of section 3602 of
the education law in the 1999--2000 school year, divided by
  (B) fifty-one one-hundredths.
  The  office  of real property services shall determine such equivalent
actual valuation and shall report it to the state  comptroller  and  the
commissioner  of  education. Such computations shall be deemed final and
not subject to change on or after July 1, 2016.
  S 3. This act shall take effect immediately.