Bill > A02509

This bill provides a mechanism for state reimbursement to municipalities in Rensselaer County that have experienced tax revenue losses due to property devaluation caused by contamination from the Dewey Loeffel Landfill, a state hazardous waste site. Specifically, municipalities can apply annually to the state comptroller to receive compensation for the difference between a property's actual valuation and its reduced assessed value resulting from toxic contamination. The reimbursement process will continue until the Dewey Loeffel Landfill is removed from the state's inventory of hazardous waste sites. To be eligible, municipalities must submit an application certified by their chief fiscal officer, following procedures established by the comptroller. The bill defines eligible municipalities as any city, village, town, or fire district located in Rensselaer County, and aims to provide financial relief to local governments impacted by environmental contamination. The legislation is set to take effect on the first of April following its passage into law.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A2509