NY State Senate Bill 2017-S3953A

Senate Bill S3953A

2017-2018 Legislative Session

Provides that actual valuation, for state school aid purposes, shall be based on the calendar in which the base year commenced

download bill text pdf

Archive: Last Bill Status - In Senate Committee Education Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 26, 2018	print number 3953a
Jan 26, 2018	amend and recommit to education
Jan 03, 2018	referred to education
Jan 31, 2017	referred to education

Bill Amendments

Original

A (Active)

2017-S3953 - Details

Current Committee:: Senate Education
Law Section:: Education Law
Laws Affected:: Amd §3602, Ed L
Versions Introduced in Other Legislative Sessions:: 2013-2014: S4313
2015-2016: S2072
2019-2020: S893

2017-S3953 - Summary

Provides that actual valuation, for state school aid purposes, shall be based on the calendar year in which the base year commenced.

2017-S3953 - Sponsor Memo

                                 BILL NUMBER:  S3953

 TITLE OF BILL :  An act to amend the education law, in relation to
actual valuation for state education aid purposes

 PURPOSE :

Provides that actual valuation, for state school aid purposes, shall
be based on the calendar in which the base year commenced.

 SUMMARY OF SPECIFIC PROVISIONS :

Section one amends paragraph c of subdivision 1 of section 3602 of the
Education law to require that the valuation of taxable real property
in a school district obtained by taking the assessed valuation of
taxable real property within 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 immediately preceding the
calendar year in which the base year commenced be used.

Section 2 sets forth the effective date.

 JUSTIFICATION :

Technology has progressed significantly in the past twenty years. With
these advances has come the ability to compile and use data almost in

real time.

Unfortunately, the current school aid formula is inconsistent in that
it relies upon stale data. Local tax levy changes from year to year
are based on the changes in local property values. Yet, the state aid
formula to determine state school aid, including the GEA, the
foundation aid formula, and cost-driven aids, use property value data
that is over three years old in calculating aid that is then used by
schools four to five years later.

This significant lag in data causes a disconnect between state school
aid, which uses outdated property values and the funding schools are
authorized to raise from a local share of aid. This makes it difficult
for schools to accurately determine both their funding needs and the
amount of aid they can expect to receive, especially in the face of a
fluctuating and weak economy.

In this age where real-time data sharing is simple to do through
inter- net and other electronic means, the formula to determine state
school aid funding should use data from the same base year as the year
school districts use to determine the local share of funding.

By implementing this legislation, schools will receive state school
aid consistent with the most current property data available. It will
enable schools to meet their fiscal obligations and needs based on
school aid driven by data from the most recent preceding year instead
of from three or more years prior.

 PRIOR LEGISLATIVE HISTORY :

2015,2016: S.2072 Referred to Education
2014: S.4313-A Referred to Education
2013: S.4313 Referred to Education

 FISCAL IMPLICATIONS :

Undetermined.

 EFFECTIVE DATE :
This act shall take effect on the first of July next following
enactment.

2017-S3953 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3953
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 31, 2017
                                ___________
 
 Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Education
 
 AN ACT to amend the education law, in relation to actual  valuation  for
   state education aid purposes
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph c of subdivision 1 of section 3602 of the  educa-
 tion  law,  as amended by section 11 of part B of chapter 57 of the laws
 of 2007, is amended to read as follows:
   c. "Actual valuation" shall mean the valuation of taxable real proper-
 ty in a school district obtained by taking  the  assessed  valuation  of
 taxable  real  property  within  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 [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 board of equalization and  assessment,  for  the
 assessment  roll of such town, city, village, or county completed during
 such preceding calendar year. The actual valuation  of  a  central  high
 school  district  shall  be  the sum of such valuations of its component
 districts. Such actual valuation  shall  include  any  actual  valuation
 equivalent  of  payments in lieu of taxes determined pursuant to section
 four hundred eighty-five 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.
   § 2. This act shall take effect July 1, 2017.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01533-01-7

2017-S3953A (ACTIVE) - Details

Current Committee:: Senate Education
Law Section:: Education Law
Laws Affected:: Amd §3602, Ed L
Versions Introduced in Other Legislative Sessions:: 2013-2014: S4313
2015-2016: S2072
2019-2020: S893

2017-S3953A (ACTIVE) - Summary

Provides that actual valuation, for state school aid purposes, shall be based on the calendar year in which the base year commenced.

2017-S3953A (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S3953A

SPONSOR: YOUNG
 
TITLE OF BILL:  An act to amend the education law, in relation to
actual valuation for state education aid purposes

 
PURPOSE:

Provides that actual valuation, for state school aid purposes, shall be
based on the calendar in which the base year commenced.

 
SUMMARY OF SPECIFIC PROVISIONS:

Section one amends paragraph c of subdivision 1 of section 3602 of the
Education law to require that the valuation of taxable real property in
a school district obtained by taking the assessed valuation of taxable
real property within 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 immediately preceding the calendar year
in which the base year commenced be used.

Section 2 sets forth the effective date.

 
JUSTIFICATION:

Technology has progressed significantly in the past twenty years. With
these advances has come the ability to compile and use data almost in
real time.

Unfortunately, the current school aid formula is inconsistent in that it
relies upon stale data. Local tax levy changes from year to year are
based on the changes in local property values. Yet, the state aid formu-
la to determine state school aid, including the GEA, the foundation aid
formula, and cost-driven aids, use property value data that is over
three years old in calculating aid that is then used by schools four to
five years later.

This significant lag in data causes a disconnect between state school
aid, which uses outdated property values and the funding schools are
authorized to raise from a local share of aid. This makes it difficult
for schools to accurately determine both their funding needs and the
amount of aid they can expect to receive, especially in the face of a
fluctuating and weak economy.

In this age where real-time data sharing is simple to do through inter-
net and other electronic means, the formula to determine state school
aid funding should use data from the same base year as the year school
districts use to determine the local share of funding.

By implementing this legislation, schools will receive state school aid
consistent with the most current property data available. It will enable
schools to meet their fiscal obligations and needs based on school aid
driven by data from the most recent preceding year instead of from three
or more years prior.

 
PRIOR LEGISLATIVE HISTORY:

2017: S.3953 Referred to Education
2015,2016: S.2072 Referred to Education
2014: S.4313-A Referred to Education
2013: S.4313 Referred to Education

 
FISCAL IMPLICATIONS:

Undetermined.

 
EFFECTIVE DATE:
This act shall take effect on the first of July next following enact-
ment.

2017-S3953A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  3953--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 31, 2017
                                ___________
 
 Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Education  --  recommitted
   to the Committee on Education in accordance with Senate Rule 6, sec. 8
   --  committee  discharged,  bill amended, ordered reprinted as amended
   and recommitted to said committee

 AN ACT to amend the education law, in relation to actual  valuation  for
   state education aid purposes
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph c of subdivision 1 of section 3602 of the  educa-
 tion  law,  as amended by section 11 of part B of chapter 57 of the laws
 of 2007, is amended to read as follows:
   c. "Actual valuation" shall mean the valuation of taxable real proper-
 ty in a school district obtained by taking  the  assessed  valuation  of
 taxable  real  property  within  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 [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 board of equalization and  assessment,  for  the
 assessment  roll of such town, city, village, or county completed during
 such preceding calendar year. The actual valuation  of  a  central  high
 school  district  shall  be  the sum of such valuations of its component
 districts. Such actual valuation  shall  include  any  actual  valuation
 equivalent  of  payments in lieu of taxes determined pursuant to section
 four hundred eighty-five 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.
   § 2. This act shall take effect July 1, 2018.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD01533-02-8

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