S 2277: Provides that the tax levy limit shall be equal to a zero percent increase over the prior year tax levy when the difference between the total amount of taxes levied for the prior year less the tax levy limit results in a negative number.

  
  STATE OF NEW YORK ________________________________________________________________________ 2277 2025-2026 Regular Sessions  IN SENATE January 16, 2025 ___________ Introduced by Sen. WEBB -- 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 limitations upon school district tax levies The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph b of subdivision 3 of section 2023-a of the 2 education law, as added by section 2 of part A of chapter 97 of the laws 3 of 2011, is amended to read as follows: 4 b. Provided, however, if the difference between the total amount of 5 taxes levied for the prior year less the tax levy limit results in a 6 negative number, the tax levy limit shall be equal to a zero percent 7 increase over the prior year tax levy. 8 c. On or before March first of each year, any school district subject 9 to the provisions of this section shall submit to the state comptroller, 10 the commissioner, and the commissioner of taxation and finance, in a 11 form and manner prescribed by the state comptroller, any information 12 necessary for the calculation of the tax levy limit; and the school 13 district's determination of the tax levy limit pursuant to this section 14 shall be subject to review by the commissioner and the commissioner of 15 taxation and finance. 16 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00462-01-5