Voters in 24 New York school districts return to the polls on Tuesday for school budget revotes. Last month, voters in 96 percent of school districts outside New York City conducting votes approved their school budgets for the upcoming year. The 6 Read More
Tag: Property Tax Cap
School budget votes proposing an average increase in per pupil spending of 4.2 percent were overwhelmingly approved in state-wide voting held yesterday. Read More
As New York and the Nation emerge from the depths of the Covid-19 pandemic and look to the future, many property owners are deciding whether and where to relocate their business or place of residence. Read More
Voters will cast ballots next Tuesday, May 18 on proposed budgets for school districts across New York State. New York State’s highest in the nation average per-pupil expenditure would rise to $28,658 per pupil, an increase of $1,145 per student, or 4.2 percent. Read More
New York school districts are seeking voter approval of budgets that would raise their per-pupil spending by an average of more than four times the projected inflation rate. Most districts have proposed property tax hikes as high as the maximum allowed without supermajority overrides under the tax cap law. Read More
In 2015, the state capped the local Medicaid share, saving local governments more than $3 billion per year. "Even with the freeze, Medicaid remains one of the largest expenses faced by local governments in New York—and one they have little or no means to control," wrote Bill Hammond, director of health policy at the Empire Center for Public Policy, which is fiscally conservative. Read More
E.J. McMahon, of the right-leaning Empire Center for Public Policy, said the tax cap is a "wonderful thing" but it is not a tax cut. He looked over the list the Senate Democrats provided of credits, exemptions and reductions, and said they aren’t what most people would consider a tax cut. Read More
Yesterday’s school budget votes proved once again New York’s school districts aren’t having much difficulty staying under—or overriding—the property tax cap. Read More