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
Tag: Property Tax
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
New York City’s impending property tax hike will lead to the loss of another 62,000 private sector jobs, re-accelerating a downward economic spiral that dates back to the end of 2000, according to a forecast by the Manhattan Institute's econometric model. Read More
With school property taxes continuing to rise across New York State, Albany's leading Republicans are pushing for a major expansion of the STAR (School Tax Relief) program in the next state budget. But more STAR spending will do nothing to reduce New York's oppressive state and local tax burden. Instead, it will promote faster growth in school spending and property tax levies unless it is tied to a firm cap on school district budgets or taxes. Read More
Some state Assembly members from communities most heavily damaged by flooding after Hurricane Irene have introduced a bill () that would exclude "emergency expenditures ... necessary as a result of damage to, or destruction of, a school building or s Read More
The New York State United Teachers (NYSUT) and its lobbying partner, the Alliance for Quality Education (AQE), are holding news conferences around t Read More
The state Department of Taxation and Finance has issued "" of New York's new tax cap. In addition, on a , the agency has posted its first-ever annual estimates of growth in assessed property value due to new construction for all New York counties a Read More