Tag: Property Tax
Per-pupil spending in the 669 school districts outside New York’s five largest cities will climb next year by 2.5 percent, nearly twice the projected inflation rate, according to an analysis released today by the Empire Center for Public Policy. The analysis indicates that school districts' per-pupil property tax levies will increase by 2.1 percent in 2015-16. Read More
Well, wouldn’t you know it. The biggest winners in Gov. Andrew Cuomo’s tax-freeze program are homeowners in Scarsdale, the Lower Hudson Valley’s richest municipality, who received the highest average checks statewide in the first year of the property-tax rebate program. Read More
One of the best things about New York's newly adopted state budget for fiscal 2016 is something that's not in it (yet): a costly new state subsidy of homeowners' local property taxes. Governor Cuomo's Executive Budget proposal included an income tax credit (of the type also known as a "circuit breaker") that, when fully implemented by 2019, would funnel $1.7 billion a year to about half of the state's homeowners, plus renters. Read More
E.J. McMahon, president of the Empire Center for New York State Policy, criticized the various rebate programs, saying they mask the root cause of New York’s high taxes. He said the state needs to reform laws and lessen mandated costs on local governments to drive lower taxes. “This is what happens when the state gets involved in redistributing money in the name of property-tax relief,” he said. Read More
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