Requires the state to reimburse municipalities for loss of real property tax revenue resulting from the establishment of community residential facilities for the disabled.
Summary
Bill S01392 amends the mental hygiene law to require the state of New York to reimburse municipalities for the loss of real property tax revenue that results from the establishment of community residential facilities for individuals with disabilities. This legislation aims to alleviate the financial burden on local governments that may arise when such facilities are created, as these facilities typically do not contribute to property tax revenues in the same way that other properties do.
Impact
The bill will have a direct impact on state laws by ensuring that municipalities are financially compensated for the tax revenue they lose when community residential facilities are established. This change is expected to encourage the development of such facilities by reducing the financial risk to local governments, thereby potentially increasing the availability of housing options for individuals with disabilities.
Sentiment
The sentiment surrounding Bill S01392 appears to be generally supportive, as it addresses a financial concern for municipalities while promoting the establishment of community residential facilities. However, there may be some apprehension regarding the state's ability to fund these reimbursements adequately.
Contention
Notable points of contention may arise from concerns about the fiscal implications of the bill on the state budget, particularly whether the state can sustain the financial commitments required for reimbursement. Some lawmakers may argue that this could divert funds from other essential services, while supporters of the bill emphasize the need for equitable treatment of municipalities in light of their responsibilities to support disabled individuals.
Same As
Requires the state to reimburse municipalities for loss of real property tax revenue resulting from the establishment of community residential facilities for the disabled.
Requires the state to reimburse municipalities for loss of real property tax revenue resulting from the establishment of community residential facilities for the disabled.
Requires the state to reimburse municipalities for loss of real property tax revenue resulting from the establishment of community residential facilities for the disabled.
Requires State reimbursement to municipalities of cost of disabled veterans' total property tax exemption; increases amount of State reimbursement to municipalities for amount of veterans' property tax deduction.
Requires State reimbursement to municipalities of cost of disabled veterans' total property tax exemption; increases amount of State reimbursement to municipalities for amount of veterans' property tax deduction.
Makes total property tax exemption for 100% disabled veterans retroactive to effective date of determination of total disability; requires State to reimburse municipalities for reimbursement of property taxes paid to veteran.
Makes total property tax exemption for 100% disabled veterans retroactive to effective date of determination of total disability; requires State to reimburse municipalities for reimbursement of property taxes paid to veteran.