New York A04778 amends the mental hygiene law to require the state to reimburse municipalities for lost real property tax revenue due to the.

New York A04778 amends Section 41.34 of the mental hygiene law by adding a new subdivision (g). This new provision mandates that upon the establishment of a community residential facility for the disabled by a sponsoring agency, the state comptroller must reimburse the affected municipality for any loss of real property tax revenue resulting from the establishment of such facility. The act is set to take effect immediately upon enactment.

New York A04778 amends the mental hygiene law to require the state to reimburse municipalities for lost real property tax revenue due to the.

New York A04778 amends Section 41.34 of the mental hygiene law by adding a new subdivision (g). This new provision mandates that upon the establishment of a community residential facility for the disabled by a sponsoring agency, the state comptroller must reimburse the affected municipality for any loss of real property tax revenue resulting from the establishment of such facility. The act is set to take effect immediately upon enactment.