Sentences with phrase «districts under the tax cap»

The calculation is a requirement for school districts under the tax cap law, which was passed in 2011.

Not exact matches

At an annual cost of $ 410 million, the Family Tax Relief Rebate provides $ 350 to households with children under age 17 and annual income between $ 40,000 and $ 300,000; the Property Tax Freeze Rebate provides an amount equal to the annual increase in property taxes to homeowners earning less than $ 500,000 in tax cap - compliant local governments and school districts and costs $ 783 million annualTax Relief Rebate provides $ 350 to households with children under age 17 and annual income between $ 40,000 and $ 300,000; the Property Tax Freeze Rebate provides an amount equal to the annual increase in property taxes to homeowners earning less than $ 500,000 in tax cap - compliant local governments and school districts and costs $ 783 million annualTax Freeze Rebate provides an amount equal to the annual increase in property taxes to homeowners earning less than $ 500,000 in tax cap - compliant local governments and school districts and costs $ 783 million annualtax cap - compliant local governments and school districts and costs $ 783 million annually.

As school districts face zero inflation and virtually no room under the state's cap on property taxes, the number of school districts seeking overrides of the limit has doubled, according to the New York State School Boards Association.

That plan would replace a circuit breaker program Cuomo proposed in his own budget, which many lawmakers criticized as detrimental to municipalities and school districts already struggling under the weight of a two - percent property tax cap passed into law in 2012.

Under the proposal, municipalities and school districts that stay within the two - percent cap would then be eligible for a certain amount of aid to lower their tax levy to prior year levels in the program's first two years.

The tiny Tuckahoe school district failed Tuesday in its second attempt to override its tax cap and will be forced to freeze taxes as a result — the first Long Island district to experience such consequences under New York State's strict cap law.

Each school district has its own tax - cap limit based on the statewide figure, but adjusted for exemptions allowed under state law.

The tiny Tuckahoe school district failed in its second attempt to override its tax cap and will be forced to freeze taxes as a result — the first Long Island district to experience such consequences under New York State's strict cap law.

The same day the state United Teachers union launched a multi-million dollar ad campaign touting school achievement, Comptroller Tom DiNapoli's office finds most districts are meeting the new requirements under the recently enacted property tax cap, with «high needs» districts showing higher rates of taxation.

NYSUT was back in court today, continuing its battle against the state's property tax cap and in a newer twist, the rebate that goes to homeowners whose school districts remain under the cap.

The board offered a budget with no change in the tax levy, but the tax cap calculation required the district to cut taxes 1.1 percent to stay under the cap.

But he said the tax cap law should be changed so districts aren't forced to cut taxes to stay under the cap.

The extra state aid will help the more than 700 school districts in New York as they struggle to stay under the state property tax cap, which allows them to increase their tax levy by only.12 percent this year without seeking voter approval.

Thiele said Long Island school districts would face the increases in their LIPA bills even as they labor under the state - mandated 2 percent tax cap.

Districts and Municipalities should be encouraged to plan their budgets like any other year, and plan to override the cap when essential services will suffer — because taxes will not go down under the current property - tax based system (or healthcare system or pension system).

The flat tax cap this year has led school district officials and local government leaders to urge state lawmakers and Gov. Andrew Cuomo to reconsider linking the cap to inflation, which has been typically under 2 percent since it was enacted in 2011.

School districts have sought to make changes under the tax cap, which limits levy increases to the rate of inflation or 2 percent, whichever is lower.

But while tax revenues have been successfully limited under the cap, Michael Borges with the New York State Association of School Business Officials said districts» costs, including health care and transportation, have continued to rise much faster than the average rate of inflation.

Under Cuomo's plan, local governments and school districts would be allowed to increase spending up to the current tax cap limit of two percent a year.

In May the district did pass a budget staying under the tax levy cap, and meeting its mandate requirements.

Local governments and school districts already struggling to stay under the state property tax cap will

South Huntington's superintendent, however, took issue with the findings by auditors from state Comptroller Thomas DiNapoli's office, saying the district was being criticized for exercising careful spending under the limit of the state - imposed tax cap.

On May 15th, voters across New York will go to the polls to consider school district budgets and for the first time, schools will be under the constraint of a property tax cap, and school leaders say they've had to make «sacrifices» to live within those limits.

Districts must report projected levies to the comptroller each year by March 1 under the state's tax - cap law, which also restricts the amount of revenue that they can raise through property taxes.

School districts are allowed that exemption under the rules of the tax cap.

She says local governments in her district are struggling under a property tax cap that will permit no growth of taxes this year.

Still, Cuomo remains proud of the property tax relief enacted under his administration, including the property tax cap that, while good for taxpayers, has left some local governments and school districts scrambling to constrain spending despite rising health care and pension costs.

What's commonly been defined as the district's budget gap in the past — the difference between the cost to continue existing programs and salaries and what the district is allowed to tax under state revenue caps — is actually $ 1.2 million.

Three years later, districts are getting close to returning to those 2010 totals under Christie's latest budget, but the financial wounds were deep and with a 2 percent tax cap in place since then, few would say they have healed.