Provides for state aid for certain cities, towns, villages or fire districts adversely affected by a concentration of tax exempt property

Bill A 8400 establishes a state aid program for certain cities, towns, villages, and fire districts. It targets jurisdictions where more than 35% of the total property value is tax-exempt. Subject to budgetary appropriation, the state will provide funds to these eligible entities. Half of the aid will be distributed based on the entity's population, and the other half will be based on the value of its tax-exempt property relative to other eligible entities.