Assessed Valuation of Taxable Real Property
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by taking the assessed valuation of taxable real property within such district as it appears upon the last assessment roll of the town or city in which such property is located, after revision as provided by law, and by applying thereto the ratio, as determined by the state department of taxation and finance, which such assessed valuation bears to the actual valuation of such property.
5. No state apportionment shall be made in any year to any school district except a central rural school district in the first year of operation, if during each of two preceding years such district has failed to maintain a foundation program for average daily attendance equal to state aid for average daily attendance for the elementary or academic departments is found to be a resident of another state, his attendance shall be counted as part of the regular equalization quota of any school district in New York State.
6. In any instance whereby a pupil is enrolled in either the elementary or academic departments is found to be a resident of another state, his attendance shall be counted as part of the regular equalization quota of any school district in New York State.
7. The Commissioner of Education may change the methods used in computing average daily attendance, provided that such changes are incorporated in the rules of the Board of Regents, and provided that all school districts are notified at least a year in advance of the date on which such changes become effective.
6. The Commissioner of Education shall apportion annually to each school district seventy-five percent of the total apportionment provided by law together with such portion of the reminder of such total apportionment as he may find necessary for the proper and efficient operation of the schools therein and the maintenance of adequate educational standards.
[stamp: Washington, Albany, New York]