Requires a study of the fiscal impacts of changing education funding from a real property tax-based mechanism to an income tax-based mechanism.
STATE OF NEW YORK ________________________________________________________________________ 388 2011-2012 Regular Sessions IN ASSEMBLY (PREFILED) January 5, 2011 ___________Introduced by M. of A. GUNTHER, MAGEE, REILLY -- Multi-Sponsored by -- M. of A. BOYLAND, COOK, CROUCH, GOTTFRIED, LATIMER, MOLINARO, PEOPLES-STOKES, J. RIVERA, SWEENEY, WEISENBERG -- read once and referred to the Committee on Ways and Means AN ACT directing the New York state department of education, the New York state department of taxation and finance, and the state board of real property services to study the fiscal impact of funding education with state income tax THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature finds that within the current education funding system, which is based upon real property taxation, there are inherent inequities throughout the state. Children in different regions of the state receive varying degrees of education and ability to participate in extracurricular activities. The legisla- ture finds that children should not be penalized based upon their geographic location, a factor that is well beyond their control. There- fore, the legislature intends to determine a method of funding education that allows all children to receive the same educational and extracur- ricular opportunities. S 2. The New York state department of education and the state board of real property services are hereby authorized and directed to assist the New York state department of taxation and finance in preparing a compre- hensive study documenting the fiscal implications of using state income taxes to fund education in lieu of using real property taxes. Such study shall consider the fiscal impacts on a broad spectrum of geographic regions throughout the state. The study should address as many of the inequities in the current education funding system as the department of education, the board of real property services, and the department of taxation and finance can identify. The study shouldEXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02077-01-1 A. 388 2
include legislative recommendations that would help ensure a smooth transition from a real property tax based funding mechanism to the income tax based funding mechanism. The results of the study shall be published no later than one year following the effective date of this act. A copy of the results of such study shall be submitted to the governor, the temporary president of the senate, and the speaker of the assembly. S 3. This act shall take effect immediately.