Phases out reimbursements for medical assistance expenditures by social services districts, reducing them by 10% annually from 2025 to 2034.

The bill phases out reimbursements for medical assistance expenditures by social services districts, reducing them by 10% annually from 2025 to 2034. The reductions are applied to the 2024 expenditure levels. Savings from these reductions are to be used for property tax levy reductions or property tax rebates, effective in the local government's fiscal year. The reductions and savings apply only to local governments defined by the general municipal law and the education law.

Phases out reimbursements for medical assistance expenditures by social services districts, reducing them by 10% annually from 2025 to 2034.

The bill phases out reimbursements for medical assistance expenditures by social services districts, reducing them by 10% annually from 2025 to 2034. The reductions are applied to the 2024 expenditure levels. Savings from these reductions are to be used for property tax levy reductions or property tax rebates, effective in the local government's fiscal year. The reductions and savings apply only to local governments defined by the general municipal law and the education law.