Twenty-four school districts sought to override the state’s property tax levy cap in yesterday’s school budget votes. Nine districts, or 38 percent of those attempting, failed to garner the 60 percent supermajority vote needed to pass an override. The vast majority of school districts held their proposed tax levies below the statewide average of about 2.1 percent, including allowances for voter-approved capital spending, property taxes generated by new construction, and other factors. On a per-pupil basis, as detailed in the Empire Center’s annual School Budget Spotlight, the average proposed tax levy hike came to 2.6 percent. Spending growth in proposed budgets was 3.2 percent per pupil, one and a half times the inflation rate. Read More
In total, the state's multiple levels of government burn through more than $190 billion a year from their own revenue sources, mainly taxes. Another $60 billion comes the federal government - which has its own claim on our wallets. But where does it all go? Thanks to the digital revolution, anyone with access to the Internet can begin to find some answers to that question. Read More
Despite the not-rosy fiscal status of the county, the Suffolk County Legislature approved the last outstanding contract for county police officers. (In January, Moody’s listed Suffolk County among the municipal bond issuers facing a credit rating downgrade.) Read More
A challenging fiscal environment and notoriously high property taxes have raised structural and service issues to new levels as communities explore the potential efficiencies to be gained through shared services, dissolution and consolidation. Read More
The Metropolitan Transportation Authority has agreed to a seven-year contract that will give MTA cops base pay increases totaling 18 percent, including a 7.5 percent retroactive boost effective immediately, the Daily News reports. Union members also scored a boost in their longevity pay, which will rise to a maximum of $9,800, in exchange for agreeing to curb overtime, stretch-out the schedule of annual pay hikes for newly hired officers and make new recruits pay 2 percent of their salaries toward health insurance. Read More
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