Bill Text: NY A06406 | 2019-2020 | General Assembly | Introduced


Bill Title: Establishes the city of New York education fund, the city of Yonkers education fund, the city of Rochester education fund, the city of Buffalo education fund and the city of Syracuse education fund.

Spectrum: Slight Partisan Bill (Republican 3-1)

Status: (Introduced) 2019-03-07 - referred to ways and means [A06406 Detail]

Download: New_York-2019-A06406-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          6406
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                      March 7, 2019
                                       ___________
        Introduced  by M. of A. SMITH -- read once and referred to the Committee
          on Ways and Means
        AN ACT to amend the state finance law, in relation to  establishing  the
          city  of  New York education fund, the city of Yonkers education fund,
          the city of Rochester education fund, the city  of  Buffalo  education
          fund and the city of Syracuse education fund
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. The state  finance  law  is  amended  by  adding  five  new
     2  sections 99-ff, 99-gg, 99-hh, 99-ii and 99-jj to read as follows:
     3    §  99-ff.  City  of New York education fund. 1. There is hereby estab-
     4  lished in the joint custody of the mayor of the city of New York and the
     5  commissioner of taxation and finance a special fund to be known  as  the
     6  "city of New York education fund".
     7    2.  The  city  of  New  York  education  fund  shall consist of moneys
     8  collected from the additional imposition of one percent of real property
     9  taxes on all classes within a city with a population of one  million  or
    10  more.
    11    3. Funding within the city of New York education fund shall be used in
    12  conjunction  with  money  provided  through the city's budget to support
    13  education programs.
    14    4. Moneys in the fund shall be kept separately from and shall  not  be
    15  commingled with any other moneys in the custody of the city.
    16    §  99-gg.  City  of  Yonkers education fund. 1. There is hereby estab-
    17  lished in the joint custody of the mayor of the city of Yonkers and  the
    18  commissioner  of  taxation and finance a special fund to be known as the
    19  "city of Yonkers education fund".
    20    2. The fund shall consist of  moneys  collected  from  the  additional
    21  imposition  of  one percent of real property taxes on all classes within
    22  the city of Yonkers.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06889-01-9

        A. 6406                             2
     1    3. Funding within the city of Yonkers education fund shall be used  in
     2  conjunction  with  money  provided  through the city's budget to support
     3  education programs.
     4    4.  Moneys  in the fund shall be kept separately from and shall not be
     5  commingled with any other moneys in the custody of the city.
     6    § 99-hh. City of Rochester education fund. 1. There is  hereby  estab-
     7  lished  in  the  joint custody of the mayor of the city of Rochester and
     8  the commissioner of taxation and finance a special fund to be  known  as
     9  the "city of Rochester education fund".
    10    2.  The  fund  shall  consist  of moneys collected from the additional
    11  imposition of one percent of real property taxes on all  classes  within
    12  the city of Rochester.
    13    3.  Funding  within the city of Rochester education fund shall be used
    14  in conjunction with money provided through the city's budget to  support
    15  education programs.
    16    4.  Moneys  in the fund shall be kept separately from and shall not be
    17  commingled with any other moneys in the custody of the city.
    18    § 99-ii. City of Buffalo education fund. 1.  There  is  hereby  estab-
    19  lished  in the joint custody of the mayor of the city of Buffalo and the
    20  commissioner of taxation and finance a special fund to be known  as  the
    21  "city of Buffalo education fund".
    22    2.  The  fund  shall  consist  of moneys collected from the additional
    23  imposition of one percent of real property taxes on all  classes  within
    24  the city of Buffalo.
    25    3.  Funding within the city of Buffalo education fund shall be used in
    26  conjunction with money provided through the  city's  budget  to  support
    27  education programs.
    28    4.  Moneys  in the fund shall be kept separately from and shall not be
    29  commingled with any other moneys in the custody of the city.
    30    § 99-jj. City of Syracuse education fund. 1. There  is  hereby  estab-
    31  lished in the joint custody of the mayor of the city of Syracuse and the
    32  commissioner  of  taxation and finance a special fund to be known as the
    33  "city of Syracuse education fund".
    34    2. The fund shall consist of  moneys  collected  from  the  additional
    35  imposition  of  one percent of real property taxes on all classes within
    36  the city of Syracuse.
    37    3. Funding within the city of Syracuse education fund shall be used in
    38  conjunction with money provided through the  city's  budget  to  support
    39  education programs.
    40    4.  Moneys  in the fund shall be kept separately from and shall not be
    41  commingled with any other moneys in the custody of the city.
    42    § 2. This act shall take effect immediately.
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