Opponents of Governor Cuomo’s 2 percent property tax cap were able to stick one major exclusion into the legislation before it passed in 2011: a provision excluding a portion of local government and school employee pensions from the total allowable “levy limit” in years when taxpayer-funded employer contributions rise by more than two percentage points of salaries.
To no one’s surprise, the statewide teachers’ union today filed suit to overturn New York’s local property tax cap. NYSUT has enlisted some parents of school children as co-plaintiffs, but the chief motive here is obvious: the tax cap is likely to limit future increases in teacher compensation, which is by far the largest category of local school expenditures.
Just two school districts -- out of nearly 700 in New York -- will be limited to the new zero-tax hike contingency budget provision of the state's new property tax cap law next year.
Nineteen school districts that attempted to override the tax cap in last month's school budget votes will present revised budgets to voters tomorrow. Nine of those districts are resubmitting budgets below the cap, seven have budgets at the cap and three districts will try again to override the cap.
Assemblyman Harvey Weisenberg (D-Long Beach) has just introduced a bill (A.10676) that would exclude court-ordered tax certiorari refund payments from Nassau County school district tax levy limits under the state’s property tax cap. It’s the same measure introduced in the Senate a month ago by Sen. Jack Martins (R-Mineola).
Forty-nine school districts* were seeking to override the state's new property tax cap in yesterday's school budget votes. Of those, our review of regional media coverage suggests 30 districts* passed an override, while 19 districts voted their budgets down. Seven of the proposed overrides failed to collect even 50 percent of the vote.
While New York State’s new property tax cap has a starting point of 2 percent (or the prior year’s average inflation rate, whichever is less), it will vary from school district to school district based on a series of exclusions for capital expenditures, increases in pension costs, and physical additions to the district tax base...
New York State has a new law capping annual increases in local government and school district property taxes. Effective in local fiscal years starting on or after Jan. 1, 2012, the law limits the annual growth of property taxes levied by local governments and school districts to 2 percent or the rate of inflation, whichever is less.
Property tax burdens in New York’s counties, based on U.S. Census data crunched by the Tax Foundation, are presented in an online map widget unveiled yesterday as part of Governor Andrew Cuomo’s new “CitizenConnects” program.
It’s no surprise that some New York’s local governments are choosing to override the state’s new property tax cap. The real news is that the vast majority — so far — apparently are managing to live within it.
Some state Assembly members from communities most heavily damaged by flooding after Hurricane Irene have introduced a bill (A.8655) that would exclude "emergency expenditures ... necessary as a result of damage to, or destruction of, a school buildin...
[caption id="attachment_4631" align="alignright" width="163"] Time to raise their taxes?[/caption] The New York State United Teachers (NYSUT) and its lobbying partner, the Alliance for Quality Education (AQE), are holding news conferences around the ...