Bill > A08402

This bill modifies the existing real property tax law regarding the payment of returned unpaid school taxes in New York State. Specifically, it changes the distribution of these unpaid taxes so that the county treasurer now pays 50% of the returned unpaid school taxes to the school district, while the state comptroller pays the other 50%. Additionally, the bill requires the county treasurer to repay the state comptroller over the subsequent 11 months, with monthly payments that ensure the state is fully reimbursed by March 1st of the following year. The bill aims to create a more balanced and structured approach to handling unpaid school taxes, providing a mechanism for both local county and state financial entities to share the burden of uncollected school tax revenue. The changes appear designed to provide more consistent and predictable financial support for school districts while also establishing a clear repayment schedule for the state's contribution.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A8402