Bill > A05593

This bill provides a $500,000 supplemental valuation impact grant to the West Valley central school district during the 2024-2025 school year, specifically targeting a school district that has more than 83% of its real property classified as tax exempt. The bill amends a section of the New York education law to create a special financial assistance provision for districts experiencing significant challenges with property tax exemptions. By modifying existing language about supplemental valuation impact grants, the legislation allows the West Valley central school district to receive the grant in accordance with standard payment schedules, despite any conflicting provisions in current law. The bill appears to recognize the financial strain on school districts with extensive tax-exempt property, which can limit their local tax base and funding capabilities. The grant is intended to provide temporary additional assistance to help the district manage its financial obligations. The legislation will take effect immediately upon passage.

Education

https://www.nysenate.gov/legislation/bills/2025/A5593