Sentences with phrase «percent cap»

The tax cap allows for a 2 percent cap on property taxes or limits growth to the rate of inflation, whichever is lower.

The purchase price translated into a 4.6 percent cap rate.

It could be devastating to some borrowers, as these charges could exceed the 3 percent cap in and of themselves.

-- The 2 percent tax cap remains a 2 percent cap with the same pension exemptions.

The proposal includes regulatory changes in the new year that would implement a 30 percent cap reduction of carbon dioxide that would avoid nearly 133 million tons of pollution in the region.

And this all comes as a coalition of groups calls for a reduction in state mandated spending in light of a 2 percent cap on local property taxes now in effect.

The deal's price represents a 7 percent cap rate.

There are two caveats about rates on government student loans to keep in mind: First, the formula mandated by the Higher Education Act imposes an 8.25 percent cap for federal direct loans to undergraduates, and 9.5 percent for direct loans to grad student loans.

Assembly Speaker Sheldon Silver this afternoon said a cap on property taxes and linking rent regulations were not linked but suggested that a 2 percent cap as proposed by Gov. Andrew Cuomo wasn't too low of a ceiling.

Senate Majority Leader Dean Skelos has said he doesn't want to negotiate any changes to the 2 percent cap Cuomo proposed, saying anything less than the gubernatorial program bill passed by the Senate early on in the session would be too watered down to be effective.

The issue briefly bubbled up again this past fall when Senate majority leader John Flanagan suggested the city implement a 2 percent cap after a forum in Manhattan.

The governor predicted the Senate GOP will «say Amen» after having a chance to read the tax cap bill, pointing out it would be difficult for them to reject this cap when they passed a four percent cap several years ago — not to mention his bill (although he didn't mention that).

School boards and municipalities predict grave problems if Cuomo's proposed 2 percent cap becomes law without additional legislation giving them a stronger hand in bargaining with public - sector unions.

It is highly unlikely the 2 percent cap without exemptions (dubbed a «hard cap» by Senate Majority Leader Dean Skelos) would pass in the Assembly, where Democratic lawmakers fear the effect the cap would have on school districts.

«We say we have a 2 percent cap unless the locality overrides it and any locality can override the cap.»

Administration officials said the true deficit number at the start of the process was $ 4.4 billion and that keeping state spending to the 2 percent cap level — which got things down to a $ 1.7 billion deficit — took a combination of spending cuts and proposed tax increases.

Putting in a 2 percent cap doesn't do anything about the basic imbalance.»

A two percent property tax cap that is more stringent and broad than the 4 percent cap Gov. David Paterson is pushing (so far without success) in Albany, is part of Cuomo's «New New York Agenda,» but this is the first time he has singled out the issue as a particular focus.

Staying within the 2 percent cap means that within a couple of years we may be sending most of our money to Albany and Kingston.

The Assembly plan calls for a cap of lawmakers» outside incomes at 40 percent of the state Supreme Court justice salary, which is $ 174,000, making the 40 percent cap worth up to $ 69,600.

«With 2 percent caps [on tax levy increases], you're looking at redistributing pools of money in order to put in some merit system,» said Christopher Nagy, superintendent of the Northern Valley Regional School District.

Mortgage applicants waive their right to the ten percent cap if they shop with non-lender-approved service provider.

Experts guessed the high - quality portfolio, with annual sales per square foot averaging $ 375, would fetch a sub-6 percent cap rate.

When selling at those sort of numbers, even a 5 percent cap CVS is accretive to your portfolio's cash flow.»

The problem is that the calculation of fees and points under the 3 percent cap discriminates against real estate and mortgage firms with affiliates involved in the transaction.

Fariba Kavian, senior vice president with Sperry Van Ness, an Irvine, Calif. - based real estate investment brokerage firm, listed one single - tenant restaurant property in a suburb of Chicago at a 9.0 percent cap last month, but says the offers have still been sporadic.

Paladino's compliments come as Gov. Andrew Cuomo plans to travel the state promoting his 2 percent cap on property taxes, which has passed the Republican - led Senate.

The is valued at $ 1.15 billion, which represents a 7.4 percent cap rate on a pro-forma basis based...

Cuomo's budget aides have said that a surplus would exist if the governor's proposed budget hewed to the same two percent cap in spending growth as his previous three fiscal plans.

She said it is hard to provide a specific percentage because each company is different, but noted that the 10 percent cap for defined benefit plans helped keep these plans well diversified relative to defined contribution plans.

School districts and local governments have voiced concerns that a 2 percent cap as proposed by Cuomo — and approved by the Republican - led Senate in January — would be too difficult to live within because of required spending for debt, health care administration and distribution and pensions.

* But if the downward trend keeps up for the next few months, next year's budget will require belt tightening beyond the 2 percent cap Cuomo already has imposed.

The Legislature did not extend the 10 percent cap after it expired in 2000.

In late September, Trump released a tax plan that would reduce taxes for the poorest, but also reform corporate taxes by putting into place a 15 percent cap.

Former Republican Governor Chris Christie in his first term enacted a 2 percent cap on annual property - tax increases, excluding coverage for debt payments and other liabilities.

Rooftop solar has been a high - profile issue in Nevada in recent months, as the industry nears the 3 percent cap.

In exchange for selecting a -10 percent floor, contract holders benefit with a 11 percent cap in a rising market, as an example noted by the company.

When Jagmeet Singh, an Ontario MPP, introduced a private member's bill in May 2012 that called for a five percent cap on money - transfer fees in the province, he shed light on a relatively overlooked issue to most Canadians: remittance transfers...

* Maintain a 30 percent cap on students» contributions to the institutional cost of delivering post-secondary education.

Sure enough, when TPC modeled the effects of a 25 percent cap on pass - through taxes, they found no benefit for the bottom 80 percent of taxpayers, while 85 percent to 88 percent of the benefit accrues to the top 1 percent.

«If you're talking about a 2 percent cap rate for the St. Regis retail space, you're going to have to justify some pretty substantial rent growth,» he said.

Paterson has floated a 3 percent cap on localities that would leave school disitricts alone, but the leaders aren't thrilled about that idea, either.

A more stringent 2 percent cap is also a priority of the Democratic gubernatorial frontrunner, AG Andrew Cuomo, who had made this a central focus of his «New NY Agenda» (one of the reasons why some in the labor community — most notably NYSUT — have balked at endorsing him).

Nevertheless, a surplus could happen in the future if the state continues to hold to a self - imposed to 2 percent cap on spending.

Meanwhile, the budget is also expected to adhere to the 2 percent cap on spending increases — a major sticking point of the Senate GOP.

Nixon opposes the state's 2 percent cap on annual spending and the 2 percent cap on local property tax growth — two of Cuomo's most popular accomplishments.

Edwards, who last week unveiled a 2012 budget proposal that called for a 12 percent property tax increase, said he wants the Legislature to debate refusing to fund state mandated programs like welfare and Medicaid beyond the 2 percent cap.

She also came out against the state's 2 percent cap on increases in local property taxes.