New York A03420 creates a tax cap exemption for school budget expenditures from settlements or jury awards in civil actions against school districts.

New York A03420 amends the education law to exempt certain expenditures from the school budget tax cap. Specifically, it excludes from the tax cap any tax levy necessary for expenditures resulting from settlements or jury awards for civil actions brought against school districts under the Child Victims Act. This exemption applies to school district budgets and the budget adoption process starting from the 2026-2027 school year.

New York A03420 creates a tax cap exemption for school budget expenditures from settlements or jury awards in civil actions against school districts.

New York A03420 amends the education law to exempt certain expenditures from the school budget tax cap. Specifically, it excludes from the tax cap any tax levy necessary for expenditures resulting from settlements or jury awards for civil actions brought against school districts under the Child Victims Act. This exemption applies to school district budgets and the budget adoption process starting from the 2026-2027 school year.