Bill Text: NY A00675 | 2015-2016 | General Assembly | Introduced


Bill Title: Adjusts the maintenance amount for the city school district of the city of New York; requires adjustment to reflect the consumer price index for all urban consumers in the New York-Northern New Jersey-Long Island portion of the New York-Northern New Jersey-Long Island, New York-New Jersey-Pennsylvania Metropolitan statistical area, as such is defined by the United States Department of Labor.

Spectrum: Partisan Bill (Democrat 12-0)

Status: (Introduced - Dead) 2016-01-06 - referred to education [A00675 Detail]

Download: New_York-2015-A00675-Introduced.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          675
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                    January 7, 2015
                                      ___________
       Introduced by M. of A. ROSENTHAL, BRENNAN, HEASTIE, BENEDETTO, DINOWITZ,
         LENTOL,  CRESPO,  WRIGHT, CAMARA, GOTTFRIED, COLTON -- Multi-Sponsored
         by -- M. of A. FARRELL, GLICK, PERRY -- read once and referred to  the
         Committee on Education
       AN  ACT to amend the education law, in relation to adjusting the mainte-
         nance amount for the city school district of the city of New York
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Paragraph  b  of  subdivision  5-a of section 2576 of the
    2  education law, as added by chapter 91 of the laws of 2002, is amended to
    3  read as follows:
    4    b. The city amount shall not be less than the city amount appropriated
    5  in the base year as determined at the time of adoption of the budget for
    6  the ensuing fiscal year[. Provided, however, in] ADJUSTED TO REFLECT THE
    7  FIVE YEAR AVERAGE PERCENTAGE CHANGE IN THE CONSUMER PRICE INDEX FOR  ALL
    8  URBAN  CONSUMERS IN THE NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND PORTION
    9  OF  THE  NEW  YORK-NORTHERN  NEW  JERSEY-LONG   ISLAND,   NEW   YORK-NEW
   10  JERSEY-PENNSYLVANIA  METROPOLITAN  STATISTICAL  AREA, (CPI-U) AS SUCH IS
   11  DEFINED BY THE UNITED STATES DEPARTMENT OF LABOR AND TO INCLUDE AN ADDI-
   12  TIONAL TWO BILLION TWO HUNDRED MILLION DOLLARS IN EXCESS  OF  THE  TOTAL
   13  AMOUNT OF EXPENDITURES FOR THE TWO THOUSAND SIX--TWO THOUSAND SEVEN BASE
   14  YEAR  PURSUANT TO SECTION THIRTEEN-A OF PART B OF CHAPTER FIFTY-SEVEN OF
   15  THE LAWS OF TWO THOUSAND  SEVEN,  SUBJECT  TO  THE  PROVISIONS  OF  THIS
   16  SECTION.  IN  ACCORDANCE  WITH  SUBPARAGRAPH (II) OF PARAGRAPH A OF THIS
   17  SUBDIVISION, THE CITY OF NEW YORK'S  CONTRIBUTION  OF  TWO  BILLION  TWO
   18  HUNDRED  MILLION  DOLLARS,  PURSUANT  TO SECTION THIRTEEN-A OF PART B OF
   19  CHAPTER FIFTY-SEVEN OF THE LAWS OF TWO THOUSAND SEVEN SHALL NOT  INCLUDE
   20  CITY  PAYMENTS  TO BOND OR NOTE HOLDERS FOR DEBT SERVICE OR PAYMENTS FOR
   21  EMPLOYEE PENSION BENEFITS.  IN the event the total amount of city  funds
   22  relied  upon  to  balance  such budget is lower than the total amount of
   23  city funds appropriated in the base year,  determined  at  the  time  of
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04012-01-5
       A. 675                              2
    1  adoption  of  such  budget,  the city amount may be reduced by up to the
    2  same percentage as the overall percentage decrease in city funds between
    3  the base year and the ensuing fiscal year.
    4    S  2.  This  act shall take effect immediately; provided however, that
    5  the amendments to paragraph b of subdivision 5-a of section 2576 of  the
    6  education  law  as  made by section one of this act shall not affect the
    7  repeal of such subdivision and shall be deemed repealed therewith.
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