Bill > A03108

This bill directs the New York State Department of Education, Department of Taxation and Finance, and the commissioner of taxation and finance to conduct a comprehensive study on changing the state's education funding mechanism from property tax-based to income tax-based. The study aims to address current educational funding inequities where children in different geographic regions receive varying levels of educational and extracurricular opportunities. Specifically, the bill requires the agencies to examine the fiscal implications of this potential funding transition across different regions of the state, identify existing system inequities, and develop legislative recommendations to ensure a smooth implementation of the new funding approach. The study must be completed within one year of the act's effective date, with results to be submitted to the governor, senate president, and assembly speaker. The motivation behind the study is to create a more equitable education funding system that does not disadvantage students based on their geographic location, ultimately seeking to provide more consistent educational opportunities for children statewide.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A3108