Bill > A07781

This bill establishes an energy system tax stabilization reserve fund in the Copenhagen Central School District. The fund is intended to lessen or prevent increases in the school district's real property tax levy resulting from decreases in revenue due to changes in or termination of the payments in lieu of taxes (PILOT) receivable by the school district from private wind energy systems projects located within the district. The bill defines key terms, such as "wind energy systems tax stabilization reserve fund," "payments in lieu of taxes," and "wind energy systems project or projects." It outlines the process for establishing the fund, making deposits into and withdrawals from it, and administering the fund.

Budget and Finance, Education

https://www.nysenate.gov/legislation/bills/2021/A7781