Sentences with phrase «small property tax increase»

Nassau County Executive Edward Mangano's final budget proposal leaves county legislators — most seeking reelection in November — to grapple with a small property tax increase and $ 60 million in hikes to real estate and traffic fees.

Not exact matches

«The rate of property tax increases is unsustainable, stifles growth and has the biggest negative impact on working families, seniors on fixed incomes and small businesses.»

A massive 67 percent minimum wage increase, which would lead to job losses, higher costs of goods and increased property taxes, will devastate small businesses and family farms, particularly Upstate.»

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.

If the county executive would start by proposing a modest increase in county property taxes — a small portion of the average homeowners» tax bill — it might obviate the need for further borrowing and show real dedication to closing that budget gap and replenishing the Drinking Water Protection Program.

The scrimping, saving and belt - tightening is paying off, as residents of Oswego County will only see a small increase of less than one percent in their property taxes for 2014.

Under the proposal, the state would pick up slight increases on individual taxpayers» property tax bill, but only if the local taxing entities also keep tax growth small and work toward consolidating services.

The PSC found that the company was only entitled to increase revenues to cover increases in local property taxes and required investments in the water system plus small increases in labor and other operating expenses.

Booming neighborhoods such as Park Slope are the biggest beneficiaries of the city's convoluted property tax system, which limits how much the city can increase taxes on small property owners annually even as values soar.

The initial funding mechanism was designed for a small program, so the district was allowed to maintain total expenditures as enrollments dipped, through modest increases in property taxes.

«The governor's proposed changes to ECS and special education funding, coupled with his proposal to require towns to pick up one - third of the cost of teacher pension costs, will make it impossible for small towns to fund education without staggering increases in local property taxes,» said Betsy Gara, Executive Director of the Connecticut Council of Small Tsmall towns to fund education without staggering increases in local property taxes,» said Betsy Gara, Executive Director of the Connecticut Council of Small TSmall Towns.

Increase in the lifetime tax exemption for capital gains realized on the disposition of small business corporations and farm or fishing properties from $ 813,600 to $ 1 million

It is really important to consider all the other expenses involved in owning a house: property taxes (which have a tendency to increase every year), maintenance, heating, hydro, insurance, water and sewer, all the extra furniture and a small fortune to be spent at Home Depot.

The increased interest in 1031 transactions by property owners looking for tax - deferred commercial real estate ownership opportunities has masked one small problem: It's not always easy for practitioners and their clients to find good matches for the properties that they want to exchange.

Here's the way I would do it: • Take classes on real estate investing • Start small, as a real estate investor and gain real - life experience • Learn to identify great properties • Use debt as leverage in financing the property Learn to manage the property, improve the property, and increase rents • Then I'd refinance the property, pulling out tax - free capital that • Use to acquire more properties.

Property rich but cash poor pensioners may find they can no longer afford to live in their clear title homes, and those who are financed to the hilt will discover that the extra tax amount and even a small increase in the interest rates will hurt them.

Except for a small annual increase of 2 percent, with exceptions for transferring properties to family members and a one - time exception for seniors, property taxes can not increase unless properties are sold.