Bill > A04616

This bill amends the public lands law to provide state aid to municipal corporations and special districts in the town of New Hudson, Allegany County, when their taxable property value decreases due to land being transferred to state ownership, specifically land under the jurisdiction of the Department of Environmental Conservation (DEC). The bill expands existing provisions for state aid that previously only applied to lands transferred to the state in the West Valley area. Under this legislation, the state will provide financial compensation to local taxing authorities equal to the taxes that would have been levied on the transferred land in the year of state acquisition, with the assessment adjusted for any changes but guaranteed to be no less than the 1980 assessment level. The state aid will be payable starting with the first fiscal year after January 1, 1981, and will continue annually thereafter, with the first payment specifically based on assessment rolls completed in 2024. This helps ensure that local governments do not suffer financial losses when state agencies acquire previously taxable land.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A4616