- Summary
- Actions
- Floor Votes
- Memo
- Text
A01598 Summary:
BILL NO | A01598 |
  | |
SAME AS | SAME AS S02967 |
  | |
SPONSOR | Cahill (MS) |
  | |
COSPNSR | Peoples-Stokes, Weisenberg, Jaffee |
  | |
MLTSPNSR | Brennan, Katz, Lavine, Robinson |
  | |
Add Title V Art 71 SS3501 - 3506, amd SS1909, 3601, 3602 & 3651, Ed L; rpld Art 13, amd RPT L, generally; rpld SS1204, 1211 & 1212, S1261 sub (e), S1262 sub (e), amd Tax L, generally | |
  | |
Makes provisions for the state to assume all costs of basic quality education and for the elimination of real property taxes for the support of education; requires board of regents to establish a schedule of mandatory basic services and costs thereof; provides that school districts shall submit an annual basic budget to the department of education for basic services; increases taxes on personal income and business; makes special provisions for reduction of tax in certain cities and for reduction in rent by tenants in such cities; provides for phased in methods of funding using a "Basic Quality Education" formula; repeals certain provisions of the tax law and real property tax law relating thereto. |