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Bill > A04224


NY A04224

NY A04224
Prohibits the percentage of disbursements from the state lottery fund that goes towards education aid from falling below 45.15 percent.


summary

Introduced
01/31/2025
In Committee
01/07/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the state finance law, in relation to the percentage of education aid disbursed from the state lottery fund

AI Summary

This bill amends the state finance law to ensure that at least 45.15 percent of state lottery fund disbursements continue to go towards education aid. Specifically, the bill modifies an existing provision related to how school districts and state-supported schools for the deaf and blind calculate their entitlement to lottery funds. The new language explicitly requires that the total percentage of lottery revenue used to support education aid cannot drop below 45.15 percent, which effectively creates a minimum funding guarantee for educational institutions. This provision aims to provide a stable and consistent source of funding for schools by preventing the state from reducing the proportion of lottery proceeds allocated to education. The bill would take effect immediately upon passage, ensuring that the new funding threshold is implemented right away.

Committee Categories

Budget and Finance

Sponsors (6)

Last Action

referred to ways and means (on 01/07/2026)

bill text


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