NY A03980

Relates to Warren county no longer providing community colleges funding with excess funds from the collection of mortgage recording taxes as such money is allocated to the CDTA; extends the effectiveness of provisions relating to an additional Warren county mortgage recording tax to December 1, 2027.

Introduced House Matthew Simpson (R)
Plain English Summary

Assembly Bill A03980, introduced by Assemblymember Matthew Simpson, proposes that Warren County cease using excess funds from mortgage recording taxes to support community colleges. Instead, these funds would be allocated to the Capital District Transportation Authority (CDTA). Additionally, the bill seeks to extend the effectiveness of an additional mortgage recording tax in Warren County until December 1, 2027.

Supporters Say

The bill has received favorable votes in both the Assembly Ways and Means Committee and the Assembly Rules Committee, indicating bipartisan support for reallocating funds to enhance public transportation services.

Critics Say

No significant negative media coverage or opposition to the bill has been reported.

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About This Analysis

This summary was generated using AI from the bill's official text and metadata. Data sourced from LegiScan and the New York State Legislature. Conflict-of-interest analysis for this bill is coming soon.