Sentences with phrase «revenues under a tax cap»

As mayors prepared to make their case, the state School Boards Association released a survey that found work force costs in schools outside the state's major cities are on track to grow an average of more than $ 1 billion annually by the 2013 - 14 school year; revenues under a tax cap, however, would grow only $ 229 million per year through 2013 - 14, on average.

Not exact matches

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.

Schools have struggled in recent years with a property - tax cap that limits their ability to raise local revenue, and they're operating under soaring pension and health - care costs.

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.

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

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.

In truth, we have choices about what to do with the tax revenue under either a cap or tax, some very good (like a dividend) and some very bad (like subsidies to the already - subsidized).