Tag: Budgets

"I think the tax cap has induced a sense of complacency," said E.J. McMahon, founder of the Empire Center, a fiscally conservative think tank in Albany. "It’s seen as automatically keeping a fairly tight lid on the levy. But at the first sign of fiscal stress and added pressure for higher taxes, I'd expect turnout to rebound." Read More

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. Read More

“New York’s school districts are receiving record-high levels of aid from Albany to educate fewer students, and our school taxes are still climbing,” said Tim Hoefer, executive director of the Empire Center. Read More

New York's newly enacted state budget for the fiscal year that started April 1 is balanced with higher-than-anticipated tax receipts, but out-year projected budget gaps have grown significantly larger, according to quarterly financial plan update issued late Friday afternoon by Governor Cuomo's Division of the Budget (DOB). Read More