New York Codes, Rules and Regulations › Title 8 - EDUCATION DEPARTMENT › Chapter II - Regulations of the Commissioner › Subchapter L - Finance › Part 170 - Financial Accounting In School Districts › Section 170.11 - School property tax report card

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
				  Definitions. For purposes of this section:
(1) Total spending means the total proposed
				  budgetary appropriations for the ensuing school year prepared pursuant to
				  section 1608 or
				  1716  of the Education Law.
(2) Other revenues means the total estimated
				  general fund revenues from sources other than a real property tax to be
				  received in support of the estimated expenses for the ensuing school year
				  prepared pursuant to section 1608 or
				  1716  of the Education Law.
(3) Total estimated school tax levy means the
				  difference of total spending minus other revenues.
(4) Percentage increase or decrease in total
				  spending means the product of 100 and the quotient of:
(i) the difference of total spending for the
				  ensuing school year minus such total spending as included in the estimated
				  expenses for the immediately preceding school year, divided by (ii) such total
				  spending as included in the estimated expenses for the immediately preceding
				  school year. Such increase or decrease shall be expressed as a decimal to two
				  places.
(5) Percentage
				  increase or decrease in total school tax levy means the product of 100 and the
				  quotient of:
(i) the difference of the total
				  estimated school tax levy for the ensuing school year minus the actual levy for
				  school purposes authorized by the trustee, board of trustees or board of
				  education of the school district for the immediately preceding school year,
				  divided by (ii) such actual levy for school purposes authorized by the trustee,
				  board of trustees or board of education of the school district for the
				  immediately preceding school year. Such increase or decrease shall be expressed
				  as a decimal to two places.
(6) Projected enrollment growth means the
				  difference of the public school district enrollment as defined in subparagraph
				  (2) of paragraph (n) of subdivision (1) of section 3602  of the Education Law as estimated for
				  the school year for which the estimated expenses have been prepared minus such
				  public school district enrollment for the immediately preceding school
				  year.
(7) Percentage change in
				  enrollment means the product of 100 and the quotient of:
(i) the projected enrollment growth divided
				  by (ii) the public school district enrollment as defined in subparagraph (2) of
				  paragraph (n) of subdivision (1) of section 3602  of the Education Law for the school
				  year immediately preceding the school year for which the estimated expenses
				  have been prepared. Such change shall be expressed as a decimal to two
				  places.
(8) Percentage
				  increase in the consumer price index means the percentage that represents the
				  product of 100 and the quotient of:
(i) the
				  average of the National Consumer Price Indexes determined by the United States
				  Department of Labor for the 12-month period preceding January 1st of the
				  current year minus the average of the National Consumer Price Indexes
				  determined by the United States Department of Labor for the 12-month period
				  preceding January 1st of the prior year, divided by (ii) the average of the
				  National Consumer Price Indexes determined by the United States Department of
				  Labor for the 12-month period preceding January 1st of the prior year. Such
				  change shall be expressed as a decimal to two places.