Nearly half of the 669 school districts are proposing tax levy increases that go right up to the cap, according to an analysis by The Empire Center, a fiscally conservative think tank. A total of 309 districts are at the cap limit. The center claims this fact is evidence that school districts would have proposed higher levy increases without the cap.
New York state and Gov. Andrew Cuomo continue to pick the pockets of hard-working taxpayers.
"Number one, this money is not being used to fund public priorities. Number two, it's using borrowed money and forcing future taxpayers to pick up the tab for politicians to win political points today," said Ken Girardin, policy analyst at the right-leaning Empire Center for Public Policy.
The region’s highest 2017 effective tax rate - $62.95 per $1,000 of home value - was shouldered by Village of Liberty homeowners, according to an Empire Center report released Monday.
Cuomo has further boosted the state’s already heavy reliance on taxes paid by income millionaires. This has made Albany’s revenue base more fragile and volatile — a problem aggravated by the new federal cap on state and local tax deductions, which effectively raises total tax rates for New York’s highest earners.
The Empire Center has updated its online Spend-O-Meter to reflect the record size of New York’s newly enacted $168.3 billion budget for fiscal 2019.
Over the weekend, Gov. Andrew Cuomo and New York's Legislatureagreed on a $168.3 billion budget for the 2019 fiscal year. Before Albany moves on to the next thing - which could be nothing in an election year - let's revisit what it just did and what it means.
Count New York’s government-employee unions among the biggest winners of this year’s budget battle — with taxpayers as the big losers.
In the dead of night, the Legislature adopted language that aims to protect public unions’ political power from a likely US Supreme Court ruling.