S1006-2013 Actions

• Jan 9, 2013: REFERRED TO EDUCATION

S1006-2013 Memo

BILL NUMBER:S1006

TITLE OF BILL:
An act
to provide for the determination of actual valuation for the Cambridge
central school district

PURPOSE:
Provides for the determination of actual valuation for the Cambridge
central school district.

SUMMARY OF PROVISIONS:

Section 1- Provides for the determination of the actual valuation for
the Cambridge Central School District.

Section 2- Contains the effective date.

JUSTIFICATION:
The Cambridge Central School Districts actual valuation has increased
by 107.4 percent since 2003. As such the school aid formula
calculation for the Cambridge Central School District does not
adequately reflect the district needs.

This bill will allow the formula to utilize the 2011 actual valuation
rates rather than the 2010 rates.

LEGISLATIVE HISTORY:
2012 S. 7616 Referred to Education

FISCAL IMPLICATIONS: To be determined

EFFECTIVE DATE:
This act shall take effect immediately

S1006-2013 Text

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

                                    1006

                         2013-2014 Regular Sessions

                              I N  SENATE

                                 (PREFILED)

                               January 9, 2013
                                 ___________

  Introduced  by  Sen.  LITTLE -- read twice and ordered printed, and when
    printed to be committed to the Committee on Education

  AN ACT to provide for the determination  of  actual  valuation  for  the
    Cambridge central school district

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


    Section 1. Notwithstanding paragraph c of subdivision 1 of 3602 of the
  education law for the Cambridge school district "actual valuation" shall
  mean the valuation  of  taxable  real  property  in  a  school  district
  obtained by taking the assessed valuation of taxable real property with-
  in  such  district  as  it appears upon the assessment roll of the town,
  city, village, or county in which such  property  is  located,  for  the
  calendar year one year 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 board of real proper-
  ty services, for the assessment roll of such  town,  city,  village,  or
  county  completed  during such preceding calendar year. The actual valu-
  ation of a central high school district shall be the sum of  such  valu-
  ations  of  its component districts. Such actual valuation shall include
  any actual valuation equivalent of payments in lieu of taxes  determined
  pursuant  to section 485 of the real property tax law.  "Selected actual
  valuation" shall mean the lesser of actual valuation calculated for  aid
  payable  in the current year or the two-year average of the actual valu-
  ation calculated for aid payable in the  current  year  and  the  actual
  valuation calculated for aid payable in the base year.
    S 2. This act shall take effect immediately.


   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD01217-01-3