Cynthia Nixon, the Working Families Party candidate for governor of New York, recently spoke out against the state’s 2 percent cap on annual spending. She also came out against the state’s 2 percent cap on increases in local property taxes. READ
Tag: Tax Cap
Local school districts are preparing for another tight budget season this year, with minimal state aid increases projected in Gov. Andrew Cuomo’s tentative spending plan and a cap of less than 2 percent on tax levy growth.
Southold Town Supervisor Scott Russell is calling for a 7.63 percent tax levy increase in his tentative 2017 budget, which was released Friday. The estimated tax increase marks the first time the supervisor has proposed piercing the state’s tax levy cap since the law went into effect in 2012. READ
Southold Town Supervisor Scott Russell said the town will be forced to pierce the state tax cap next year for the first time since the legislation was implemented in 2012, stating the 0.68 percent increase set by the state for 2017 is too low to cover basic costs. READ
The Greenport Board of Education has adopted its budget for next year and will ask voters to approve a spending plan in May that attempts to pierce the tax levy cap with an 8.52 percent increase.
After hinting for weeks that it might do so, it appears Greenport School District will attempt to pierce its tax levy cap a second time.
Greenport voters will likely be asked to pierce the state property tax cap this year as school administrators plan for what is expected to be among the largest tax levy percentage increases of any Long Island district, according to data recently filed with New York State Comptroller Thomas DiNapoli’s office.
Local superintendents preparing next year’s school spending plans are describing the process as daunting because they’re bound to nearly zero percent tax levy growth for 2016-17.
In the four years since New York State adopted the 2 percent property tax cap, we’ve weighed in on its success from time to time.
Mostly, it was to say it wouldn’t be — or hasn’t been — at all successful. (more…)
With news late last month that the New York State Legislature extended the 2-percent property tax cap another four years, we took a look back at the property tax warrants — the amount of property taxes collected by the town each year, including school, town, county and other taxes — in the two North Fork towns to see if taxes had increased at a lesser rate since the law was enacted.
We found that not only had the tax warrant increased at a slower pace in Southold and Riverhead towns since 2012, it did so at a significant rate. (more…)