1. (1) Total spending means the total proposed budgetary appropriations for the ensuing school year prepared pursuant to section 1608 or 1716 of the Education Law.
2. (2) Other revenues means the total estimated general fund revenues from sources other than a real property tax to be received in support of the estimated expenses for the ensuing school year prepared pursuant to section 1608 or 1716 of the Education Law.
3. (3) Total estimated school tax levy means the difference of total spending minus other revenues.
4. (4) Percentage increase or decrease in total spending means the product of 100 and the quotient of: (i) the difference of total spending for the ensuing school year minus such total spending as included in the estimated expenses for the immediately preceding school year, divided by (ii) such total spending as included in the estimated expenses for the immediately preceding school year. Such increase or decrease shall be expressed as a decimal to two places.
5. (5) Percentage increase or decrease in total school tax levy means the product of 100 and the quotient of: (i) the difference of the total estimated school tax levy for the ensuing school year minus the actual levy for school purposes authorized by the trustee, board of trustees or board of education of the school district for the immediately preceding school year, divided by (ii) such actual levy for school purposes authorized by the trustee, board of trustees or board of education of the school district for the immediately preceding school year. Such increase or decrease shall be expressed as a decimal to two places.
6. (6) Projected enrollment growth means the difference of the public school district enrollment as defined in subparagraph (2) of paragraph (n) of subdivision (1) of section 3602 of the Education Law as estimated for the school year for which the estimated expenses have been prepared minus such public school district enrollment for the immediately preceding school year.
7. (7) Percentage change in enrollment means the product of 100 and the quotient of: (i) the projected enrollment growth divided by (ii) the public school district enrollment as defined in subparagraph (2) of paragraph (n) of subdivision (1) of section 3602 of the Education Law for the school year immediately preceding the school year for which the estimated expenses have been prepared. Such change shall be expressed as a decimal to two places.
8. (8) Percentage increase in the consumer price index means the percentage that represents the product of 100 and the quotient of: (i) the average of the National Consumer Price Indexes determined by the United States Department of Labor for the 12-month period preceding January 1st of the current year minus the average of the National Consumer Price Indexes determined by the United States Department of Labor for the 12-month period preceding January 1st of the prior year, divided by (ii) the average of the National Consumer Price Indexes determined by the United States Department of Labor for the 12-month period preceding January 1st of the prior year. Such change shall be expressed as a decimal to two places.

9. (b) Pursuant to Education Law, sections 1608(7) and 1716(7) the trustee, board of trustees or board of education of each school district to which such sections apply shall annually prepare a school property tax report card of a content and in a format as prescribed by this section.

   1. (1) total spending;
   2. (2) percentage increase or decrease in total spending;
   3. (3) total estimated school tax levy;
   4. (4) percentage increase or decrease in total school tax levy;
   5. (5) projected enrollment growth;
   6. (6) percentage change in enrollment; and
   7. (7) percentage increase in the consumer price index.

   (c) Content.

   The school property tax report card for the ensuing school year shall include a report of:

10. (d) The school property tax report card shall be made available to the public by transmitting it to local newspapers of general circulation, appending it to copies of the proposed budget made publicly available as required by law and shall be made available for distribution at the annual meeting.
11. (e) A copy of the school property tax report card shall be submitted to the State Education Department by the end of the business day next following approval of the report card by the trustee, board of trustees or board of education, but no later than 24 days prior to the statewide uniform voting day.

(a) Definitions.

For purposes of this section: