Bill > A05926

This bill modifies the education law to adjust how school district tax levy limits are calculated when a district has previously levied taxes below its allowed limit. Specifically, if a school district's total tax levy in the previous year was less than its permitted tax levy limit (resulting in a negative difference), the tax levy limit for the upcoming year will be set at zero percent increase over the prior year's tax levy. This means the district cannot increase its tax levy at all in that year. The bill requires school districts to submit relevant financial information by March 1st each year to the state comptroller, commissioner of education, and commissioner of taxation and finance, who will review the district's tax levy limit calculation. The change appears designed to prevent school districts from banking unused tax levy capacity and then dramatically increasing taxes in future years, thereby providing more predictability and restraint in local school district tax increases.

Education

https://www.nysenate.gov/legislation/bills/2025/A5926