In the final hours of 2011 legislative session, as a favor to the powerful statewide teachers' union, the New York State Senate and Assembly passed a bill that would allow school districts to circumvent the state's new property tax cap by issuing bon Read More
Tag: Property Tax
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. Read More
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. Read More
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. Read More
With New Yorkers preparing to vote on school budget propositions next Tuesday, the Empire Center today released the latest data for its Internet-based tool -- BenchmarkingNY’s Property Taxes by Location -- allowing taxpayers to compute and compare total school district, municipal and county tax burdens in thousands of communities across the state. Read More
Among the many objections raised by public school groups when Gov. Andrew M. Cuomo began pushing his tax cap last year, perhaps the weakest was the claim by teacher unions that the law would "erode democracy." Read More
In the second year of New York State’s property tax cap, proposed school district budgets will be subject to an average tax levy limit of 4.6 percent—more than double the statutory base cap of 2 percent and well above the 3 percent average limit for school budget proposals last year, according to data from the state comptroller’s office. Read More
Western New York property owners pay the state’s highest median effective tax rate, according to newly released data from the Empire Center. The internet-based tool—BenchmarkingNY’s Property Taxes by Location—allows taxpayers to compute and compare total school district, municipal and county tax burdens in thousands of communities across the state. Read More