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A00447 Summary:

BILL NO    A00447 

SAME AS    No same as 

SPONSOR    Cahill (MS)

COSPNSR    Peoples-Stokes, Reilly, Rivera N, Weisenberg

MLTSPNSR   Boyland, Brennan, Destito, Katz, Latimer, Lavine, Molinaro, Robinson,
           Schroeder

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.
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