New York A03108 mandates a study on the fiscal impacts of shifting education funding from real property taxes to state income taxes.

New York A03108 requires the New York State Department of Education, the Commissioner of Taxation and Finance, and the Department of Taxation and Finance to conduct a comprehensive study on the fiscal implications of funding education through state income taxes instead of real property taxes. The study will examine the fiscal impacts across various geographic regions in the state and aim to address inequities in the current education funding system. It will also include legislative recommendations to facilitate a smooth transition from the current funding mechanism.

New York A03108 mandates a study on the fiscal impacts of shifting education funding from real property taxes to state income taxes.

New York A03108 requires the New York State Department of Education, the Commissioner of Taxation and Finance, and the Department of Taxation and Finance to conduct a comprehensive study on the fiscal implications of funding education through state income taxes instead of real property taxes. The study will examine the fiscal impacts across various geographic regions in the state and aim to address inequities in the current education funding system. It will also include legislative recommendations to facilitate a smooth transition from the current funding mechanism.