Adjusts state aid for certain state leased or state owned land starting from April 1, 2025.

This bill amends the public lands law to adjust the state aid for certain state leased or state owned land. Specifically, it modifies the schedule of state aid payments for cities in counties that have constructed a state office building project. For state fiscal years beginning on or after April 1, 2025, the amount of state aid will be determined by multiplying the prior state fiscal year amount by the allowable levy growth factor as defined in the general municipal law. This change aims to ensure that the state aid reflects the allowable growth in municipal levies.

Adjusts state aid for certain state leased or state owned land starting from April 1, 2025.

This bill amends the public lands law to adjust the state aid for certain state leased or state owned land. Specifically, it modifies the schedule of state aid payments for cities in counties that have constructed a state office building project. For state fiscal years beginning on or after April 1, 2025, the amount of state aid will be determined by multiplying the prior state fiscal year amount by the allowable levy growth factor as defined in the general municipal law. This change aims to ensure that the state aid reflects the allowable growth in municipal levies.