New York A02509 amends the state finance law to provide reimbursement for lost tax revenue due to toxic contamination in Rensselaer County.

New York A02509 amends the state finance law by adding a new section that provides for reimbursement of lost tax revenue for municipalities in Rensselaer County affected by toxic contamination from the Dewey Loeffel Landfill. This reimbursement covers the difference between the actual valuation of the property and its reduced assessed value due to contamination. Municipalities must apply annually to the state comptroller for reimbursement, which will continue until the landfill is removed from the state's inventory of hazardous waste sites.

New York A02509 amends the state finance law to provide reimbursement for lost tax revenue due to toxic contamination in Rensselaer County.

New York A02509 amends the state finance law by adding a new section that provides for reimbursement of lost tax revenue for municipalities in Rensselaer County affected by toxic contamination from the Dewey Loeffel Landfill. This reimbursement covers the difference between the actual valuation of the property and its reduced assessed value due to contamination. Municipalities must apply annually to the state comptroller for reimbursement, which will continue until the landfill is removed from the state's inventory of hazardous waste sites.