Proposed school tax levies in New York for 2011-12 would rise by an average of 2.9 percent**, well above Gov. Cuomo's proposed 2 percent tax levy cap, according to the Property Tax Report Card released this morning by the state Education Department.
Today's Buffalo News reports that Gov. Cuomo is signaling a willingness to water down his property tax cap proposal. Most alarmingly, the News says Cuomo "privately told lawmakers this week that the list of expenses exempt from any limit probably will...
A broad, tight cap on local property taxes is a central element of Governor Andrew Cuomo’s agenda for making New York State more affordable and competitive. The governor’s tax cap has passed in the state Senate with strong bipartisan support. Its fate will ultimately be decided in the state Assembly.
Gov. Cuomo's proposed 2 percent property tax cap could only be overridden by a super-majority of more than 60 percent of school district voters. Would this pose an insurmountable obstacle to supporters of higher taxes, starving schools of desperately needed funding? Cap opponents such as New York State United Teachers (NYSUT) imply as much, asserting in recent Senate testimony that the 60 percent override threshold...
Governor David Paterson has proposed legislation to implement a cap on school property tax levies in New York State. His original tax cap bill was passed by the state Senate in August 2008, but died in the state Assembly. Paterson's latest tax cap proposal was submitted to the Legislature on July 30, 2010.
Voters in New York's suburban, rural and smaller city school districts approved 92 percent of proposed school budgets yesterday, according to the New York State School Boards Association. This is above the historical average approval rate of 83 percent...
New Jersey imposed a 4 percent cap on local property tax increases a year before Governor David Paterson endorsed the Suozzi Commission's call for a school property tax cap in New York. But unlike Paterson's original proposal, the cap signed into law by New Jersey Governor Jon Corzine in 2007 contained a number of loopholes, including a clause exempting the cost of health insurance benefits.
New York State is broke. Like a runaway train, New York's budget is in danger of running completely off the rails. It needs to be brought under control—before it's too late.
New York State residents pay some of the highest local taxes in the nation. Until now, however, New Yorkers have had no easy way to compare basic fiscal measures for the local governments that account for a large share of the taxes they pay.
The Taylor Law was designed to create a comprehensive framework for orderly resolution of labor-management disputes in state and local government. After a rocky start, it succeeded.
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.
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.