Bill > S03672

This bill amends the New York State Education Law to provide a supplemental valuation impact grant of $500,000 to the West Valley central school district during the 2024-2025 school year. The bill modifies an existing law that allows for special grants to school districts experiencing significant financial challenges, specifically targeting districts with an unusually high percentage of tax-exempt real property. In this case, the West Valley central school district qualifies for the grant because more than 83% of its real property is classified as tax exempt during the specified school year. The grant will be paid in accordance with standard payment schedules outlined in section 3609-a of the education law, and the legislation is designed to provide temporary additional financial assistance to help the district manage its unique financial circumstances. The bill will take effect immediately upon passage.

Education

https://www.nysenate.gov/legislation/bills/2025/S3672