Sentences with phrase «limits property tax increases»

For example, California's Prop 12 limits property tax increases to 2 percent per year or a rate of inflation if it is less than 2 percent.

New York State United Teachers President Dick Iannuzzi says the cap, passed by Gov. Andrew Cuomo and the legislature in 2011, arbitrarily limits property tax increases to two percent, regardless of whether a school district is rich or poor.

This new law limits property tax increases to two percent and it gives you the power to control spending of your local government.

The school leaders said they are further squeezed by New York's tax cap that limits property tax increases to no more than 2 percent per year.

The cap, which impacts the 57 counties outside of New York City, limits property tax increases to 2 percent or the rate of inflation, whichever is lower.

«This new law limits property tax increases to two percent and it gives you the power to control spending of your local government,» Cuomo says in the spot.

In 2011, the governor, working with the legislature, enacted a cap limiting property tax increases to 2 percent or the rate of inflation, whichever is less.

It will likely become a more important source of revenue next year, when counties are required to limit their property tax increases at 2 percent or the rate of inflation.

The Greens hit Cuomo hard on two issues of concern to certain upstate constituencies: his refusal to call for an outright ban on hydrofracking, and his plan to limit property tax increases, which will probably result in cuts to the state workforce.

Not exact matches

Increase in property taxes are limited in most districts to the lower of 2 % or the rate of inflation, however, so rates don't change much year - to - year.

Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; disruptions in information technology networks and systems; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's dividend payments on its Series A Preferred Stock; tax law changes or interpretations; pricing actions; and other factors.

For homeowners with a principal residence in Maryland, the Homestead Tax Credit limits increases in assessed property value.

Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in which we operate; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.

Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the business and operations of the Company in the expected time frame; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; tax law changes or interpretations; and other factors.

The law limits increases in property taxes on primary residences to 3 % per year.

But funding for large projects is scarce because of property - tax caps that strictly limit the amount by which an Illinois taxing body such as a park district can increase its annual revenue, he said.

The measure would establish a school district and local government property tax levy cap that would limit tax levy growth to the lesser of four percent or 120 percent of the annual increase in the consumer price index.

The property tax cap is now in its sixth year, and according to David Albert with the New York State School Boards, most of the state's nearly 700 school districts are asking for increases that are within the limits of the cap.

Cuomo's proposal, modeled after nearby Massachusetts's successful Proposition 2 1/2, would limit property - tax increases to no more than 2 percent or 120 percent of the inflation rate, whichever is lower.

Local governments statewide face a tax cap of less than 1 % next year, slightly lower than this year's limit on property - tax increases, New York Comptroller Thomas DiNapoli said Monday

By comparison, those governments» Medicaid payments are capped at 3 percent increases, meaning such a property tax limit would put a tighter squeeze on their budgets.

«Raising the income limits for SCHE / DHE will allow New Yorkers on fixed or limited incomes the opportunity to save on property taxes and I am pleased to see Mayor Bill de Blasio's support on this important increase.»

Cuomo was endorsed earlier today by the business lobbying group, which cited his efforts to install a cap on local property tax increases, limits on spending hikes in state budgets and an uptick in the state's credit rating.

Gov. Andrew Cuomo on Monday at the state Business Council's annual retreat in Bolton Landing gave what has become a sort of greatest - hits speech for his administration: A property tax cap, a self - imposed limit on annual spending increases, economic development spending and a tourism push that has paid out dividends of more people heading upstate.

The state's tax cap limits increases in property taxes to 2 percent or the rise in inflation, whichever is lower.

The 2011 tax cap limits local government's and district's ability to raise property taxes, holding their levy increase to a maximum of two percent or the rate of inflation, whichever is lower.

Legislation was passed by the New York State Legislature last week placing a 2 - percent cap on real property tax increases or limiting them to the rate of inflation, whichever is smaller.

The property tax cap is now in its sixth year, and according to David Albert with the New York State School Boards Association, most of the state's nearly 700 school districts are asking for increases that are within the limits of the cap.

Suffolk County Executive Steve Levy, who like Lazio is seeking the Republican nomination for governor, supports Paterson's proposal to limit annual property tax increases at 4 percent, his spokesman said Tuesday.

In the past, the Utica Common Council has expressed interest in limiting how much the city borrows through an increase in property taxes or assessing a user fee, which would require payment from all property owners — even nonprofits.

In his first two years as governor, Cuomo proposed and won a 2 percent limit on property tax increases and a new, less generous pension tier for state workers.

Cuomo, meanwhile, has worked over the last several years to shore up support from the left after a first term accomplishments that include caps on spending in the budget, limits to local property tax increases and other methods of fiscal restraint following the recession.

In his sharpest critique yet of scofflaw landlords, Mayor Bill de Blasio said it's «outrageous» that thousands of New York City property owners accepted tax benefits from the city in exchange for limiting rent increases but did not live up to their obligations.

School districts once again will be setting their budget proposals that will limit the amount they can increase property taxes to under 2 percent.

Their one - house budget would limit increases in the city's property tax levy to no more than 2 percent, similar to a cap on local property tax hikes elsewhere.

Approved county budgets that overrode the state's limit on property tax levy increases has dropped by more than half in the last four years, a report from Comptroller Tom DiNapoli's office released on Tuesday found.

The cap limits property tax levy increases by 2 percent or the rate of inflation, whichever is lower.

(For the uninitiated, Cuomo's cap would limit increases in property taxes, both for local government and schools, to two percent annually or the rate of inflation — whichever is lower.

De Blasio intended to protest cuts in the new state budget to Medicaid funding and the City University, but instead found himself fending off demands by lawmakers that the city limit increases in the property tax to 2 percent a year.

A legal challenge to the state's limit on local property tax increases brought by the state teachers» union was tossed on Thursday by a state Supreme Court judge.

Increasing local property taxes is limited to the rate of inflation or 2 percent, whichever is lower.

State lawmakers in 2011 approved a limit on local property tax increases, setting the cap at 2 percent or the rate of inflation, whichever is lower.

But perhaps most controversially, the school advocates are reiterating their call to change how the state's limit on property tax increases is calculated.

The most recent property tax cap information from the state comptroller's office shows 20 percent of local governments are choosing to override the limit on levy increases.

The state's cap on property taxes — in place since 2012 — limits levy increases to 2 percent or the rate of inflation, whichever is lower.

The cap on property tax increases limits growth in levies to 2 percent or the rate of inflation, whichever is lower.

Comptroller Tom DiNapoli's office on Monday released a report showing the growth rate for the limit on local government property tax increases will be 0.73 percent in 2016.

The Rochester - based Unshackle Upstate, one of the major backers of the 2 percent limit on local property tax increases, this morning blasted the lawsuit filed by the New York State United Teachers union to overturn it.

With the deadline for submitting a 2012 spending plan looming this week, 12 counties are overriding the 2 percent limit on property tax levy increases, according to numbers from the state Comptroller's Office.

The former governor, who had pushed a 4 percent limit on annual property tax increases in his last year as governor, had inserted the provision in an emergency budget extender.