Bill > A05365

This bill modifies two key aspects of tax levy regulations for local governments and school districts in New York State. First, it changes the calculation of the "allowable levy growth factor" by replacing the requirement to use the "lesser" of two calculations with using the "greater" of those calculations, essentially allowing for a potentially higher tax levy growth. The two calculations are: (1) 1.02 (one and two one-hundredths), or (2) one plus the inflation factor. Second, the bill reduces the voting threshold required to override the tax levy limit from 60% to more than 50% for local governments and school districts. This means that budgets proposing tax levies above the statutory limit can now be approved with a simple majority vote, instead of the previous supermajority requirement. The changes apply to both general municipal law and education law, potentially making it easier for local governments and school districts to increase their tax levies and pass budgets that exceed current caps. The bill takes effect immediately upon passage.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A5365