Bill > S05617

This bill provides a mechanism for state reimbursement to municipalities in Rensselaer County affected by the Dewey Loeffl Landfill, a hazardous waste site that has caused property value reductions due to toxic contamination. Specifically, the bill allows cities, villages, towns, and fire districts in the county to apply annually to the state comptroller for compensation equal to the difference between a property's actual value and its reduced assessed value resulting from contamination. Municipalities must certify the lost tax revenue through their chief fiscal officer, and the reimbursement process will continue until the Dewey Loeffl Landfill is removed from the state's inventory of hazardous waste sites. The legislation aims to provide financial relief to local governments that have experienced tax base erosion because of environmental contamination, with the state taking responsibility for compensating municipalities impacted by this specific hazardous waste site. The bill will take effect on the first of April following its passage into law.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S5617