Bill > S02277

This bill modifies the education law regarding school district tax levy limits, specifically addressing situations where a school district's previous year's tax levy falls below the established tax levy limit. Under this proposed legislation, if the difference between the total taxes levied in the prior year and the tax levy limit results in a negative number, the tax levy limit will automatically be set to a zero percent increase over the prior year's tax levy. This means that in cases where a school district has not been levying the maximum allowed taxes, they will not be permitted to make up that difference in the subsequent year. The bill requires school districts to submit relevant tax information to the state comptroller, commissioner, and commissioner of taxation and finance by March 1st each year, with these bodies having the authority to review the district's tax levy limit calculations. The legislation is designed to provide more precise and potentially more restrictive guidelines for how school districts can adjust their tax levies from year to year.

Education

https://www.nysenate.gov/legislation/bills/2025/S2277