S 1929: Adjusts the regional labor force cost index for the Hudson Valley region for the 2025--2026 school year and thereafter.

  
  STATE OF NEW YORK ________________________________________________________________________ 1929 2025-2026 Regular Sessions  IN SENATE January 14, 2025 ___________ Introduced by Sen. WEBER -- 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 adjusting the regional cost index for state school aid with respect to the Hudson Valley region The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraph 2 of paragraph a of subdivision 4 of section 2 3602 of the education law, as amended by section 9-b of part CCC of 3 chapter 59 of the laws of 2018, is amended to read as follows: 4 (2) (A) The regional cost index shall reflect an analysis of labor 5 market costs based on median salaries in professional occupations that 6 require similar credentials to those of positions in the education 7 field, but not including those occupations in the education field, 8 provided that the regional cost indices for the two thousand seven--two 9 thousand eight school year [and thereafter] through the two thousand 10 twenty-four--two thousand twenty-five school year shall be as follows: 11 Labor Force Region Index 12 Capital District 1.124 13 Southern Tier 1.045 14 Western New York 1.091 15 Hudson Valley 1.314 16 Long Island/NYC 1.425 17 Finger Lakes 1.141 18 Central New York 1.103 19 Mohawk Valley 1.000 20 North Country 1.000 21 (B) For the two thousand twenty-five--two thousand twenty-six school 22 year and thereafter the regional cost indices shall be as follows: 23 Labor Force Region Index 24 Capital District 1.124 EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03427-01-5 
 S. 1929 2 1 Southern Tier 1.045 2 Western New York 1.091 3 Hudson Valley 1.425 4 Long Island/NYC 1.425 5 Finger Lakes 1.141 6 Central New York 1.103 7 Mohawk Valley 1.000 8 North Country 1.000 9 § 2. This act shall take effect immediately.