Those groups formed a coalition this year with the goal of stripping away mandates in order to comply with the 2 percent cap on local property tax levy increases. (nystateofpolitics.com)
The tax plan would require local governments to budget within the state's cap on local property tax levy increases and then in a second year find ways to share services. (nystateofpolitics.com)
The cap on local property tax levy increases is generally at 2 percent or the rate of inflation, whichever is lower. (nystateofpolitics.com)