Assemblyman Harvey Weisenberg (D-Long Beach) has just introduced a bill (A.10676) that would exclude court-ordered tax certiorari refund payments from Nassau County school district tax levy limits under the state’s property tax cap. It’s the same measure introduced in the Senate a month ago by Sen. Jack Martins (R-Mineola).
Forty-nine school districts* were seeking to override the state's new property tax cap in yesterday's school budget votes. Of those, our review of regional media coverage suggests 30 districts* passed an override, while 19 districts voted their budgets down. Seven of the proposed overrides failed to collect even 50 percent of the vote.
Most New York school districts are proposing to hold their per-pupil tax levies within the levels permitted by a new statewide property tax cap, and the average proposed per-pupil spending increase is at or below the projected inflation rate in six out of nine regions of the state, according to an analysis issued today by the Empire Center for Public Policy.
This week, school districts across New York State have been firming up their 2012-13 budget proposals -- the first to be affected by the state's new property tax cap.
While New York State’s new property tax cap has a starting point of 2 percent (or the prior year’s average inflation rate, whichever is less), it will vary from school district to school district based on a series of exclusions for capital expenditures, increases in pension costs, and physical additions to the district tax base...
New York State has a new law capping annual increases in local government and school district property taxes. Effective in local fiscal years starting on or after Jan. 1, 2012, the law limits the annual growth of property taxes levied by local governments and school districts to 2 percent or the rate of inflation, whichever is less.
It’s no surprise that some New York’s local governments are choosing to override the state’s new property tax cap. The real news is that the vast majority — so far — apparently are managing to live within it.
The state Department of Taxation and Finance has issued "Guidelines for Implementation" of New York's new tax cap. In addition, on a web page of links related to the tax cap, the agency has posted its first-ever annual estimates of growth in assess...