New York S01392 amends the mental hygiene law to require state reimbursement to municipalities for lost real property tax revenue due to community.
New York S01392 amends the mental hygiene law by adding a new provision that mandates the state comptroller to reimburse municipalities for any loss of real property tax revenue that results from the establishment of community residential facilities for the disabled. This reimbursement is triggered upon the establishment of such facilities by a sponsoring agency. The amendment takes effect immediately upon enactment.
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