Sentences with phrase «under the tax cap for»

When asked what cuts would be needed in order to keep the budget under the tax cap for 2017, Town Board members agreed that employees would be first on the chopping block.

The Black Brook Town Board is expecting to be under the tax cap for 2018, according to Town Clerk Helen Wirt - Kennedy.

Not exact matches

The governor also is justifying the circuit - breaker credit on the grounds that, because it is linked to the tax cap, it will create an added incentive for localities to remain under the cap.

Teachout has recently come under fire for her stated opposition to New York's property tax cap and her support for a national energy tax, positions she publicly denies.

But the Eden budget did not gain even 50 percent approval, let alone the 60 percent needed for passage under the tax cap legislation.

As a result of these and other measures, the county will stay under the NYS property tax cap rate for 2018, which is 1.84 %.

«This budget caps spending under 2 percent for the seventh year in a row and includes a tax cut that will save 6 million middle - class taxpayers an average of $ 250 this year,» he said.

· Allowing counties an option to modify how they fund state mandated pension contributions · Providing counties more audit authority in the special education preschool program · Improving government efficiency and streamlining state and local legislative operations by removing the need for counties to pursue home rule legislative requests every two years with the state legislature in order to extend current local sales tax authority · Reducing administrative and reporting requirements for counties under Article 6 public health programs · Reforming the Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay» for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.

«No matter what the Administration is painting as a rosy picture that there's going to be a decrease in the overall debt, I just don't see how a project of $ 192 million plus other projects that we have been assured will move forward at a cost of $ 93 million and knowing that union contracts will be up for ratification throughout the next several years, there's no way that the county can say that our taxes will not increase and that I can't imagine will be able to stay under the cap unless we decimate services,» says Strawinski.

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 limit on property tax hikes is 2 percent or the rate of inflation, whichever is lower, and includes some exceptions for municipalities with high litigation or pension contribution costs, or for staying under the cap before.

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

Overall, more than 2 million checks will go out over the next few months to reimburse taxpayers for tax growth — assuming their municipalities and schools stayed under the property - tax cap and submitted an efficiency plan.

Democratic - leaning states — including New York — may take legal action to challenge the cap on deductions of state and local taxes under the sweeping overhaul of the U.S. tax code, and even though such lawsuits would face long odds they could help galvanize Democrats for next year's mid-term election.

It's going to be very challenging for the community to see under the tax cap.»

I intend to continue making improvements and pursuing initiatives that prove fruitful for our residents and boost their quality of life while continuing the keep the town budget under the state tax cap.

The push for a tax cap seemed to come from two fronts: upstate lawmakers who were wondering why Mr. de Blasio didn't have to scrimp and save to stay under the property tax cap the way their towns do, and downstate politicians from parts of the city where homeowners say they are fed up with increasing property tax bills.

«For the second year in a row, the administration has resorted to gimmickry to get under the tax cap.»

«Credit is due to Councilman Packer for analyzing the budget and recommending areas that can be reduced in order for the town to remain under the tax cap,» Leggett said.

«This year, working in a bipartisan manner, we've accomplished some very important things for the people of this State ---- including eliminating a $ 10 billion deficit, bringing spending under control and capping property taxes,» Majority Leader Skelos said.

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.

For those who don't support the property tax cap, or believe that governments can't work under its limitation, we refer them to Cuomo, and point to the overburdened Westchester homeowner and taxpayer.

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

The tax cap for local governments will be set at under 1 percent yet again, raising concerns among municipal officials over how to make ends meet.

Republican Rep. John Faso released a letter Wednesday sent to the tax policy office at the U.S. Department of Treasury that seeks to clarify whether Gov. Andrew Cuomo's proposed workarounds for a $ 10,000 cap on state and local tax deductions are legal under federal law.

«When he took office, Governor Cuomo recognized that taxes on New York's residents and businesses were far too high which is why he enacted the state's first ever property tax cap, established the lowest tax rate for the middle class in 58 years and brought state spending under control.»

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.

«I'm pleased to present a proposed budget that demonstrates my administration's effort to stabilize county finances, ensure our county safety and our vibrancy,» said McCoy, a Democrat, who hails the $ 679 million spending plan as one that builds on the county's «sound» fiscal practices while keeping county spending under the state - mandated tax cap for the fifth year in a row,»... despite the continuous pressures of unfunded mandates and the real cuts we face in 2018 for state aid and programs such as foster care.»

Cuomo praised Bellone for keeping property taxes under the two percent state cap and for backing projects such as Wyandanch Rising.

The tentative spending plan, released late last month, shows that the county is poised to remain under the state tax cap for the seventh consecutive year.

«Has anybody ever spoken about capital projects and how we have infrastructure that desperately needs to be maintained and replaced and we're not getting any help for that and it's not exempt under the [state] tax cap at all?»

Under the new federal law, the deduction for state and local property and income taxes is capped at $ 10,000.

The town supervisor's salary was also cut by $ 2,000 for 2016, from $ 39,614 to $ 37,614, as part of the effort by the outgoing board to keep the budget increase under the governor's tax cap.

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.

But educators stress they are dealing with other budget issues, such as paying for employee health care and pensions while living under a tax cap.

Dave Clegern, a spokesman for the California Air Resources Board (ARB) said that the wording on the label is inaccurate because «the compliance obligation under the cap - and - trade program is not a tax.»

After reading it, my understanding is that Cap Gains + Qual Dividends will not be taxed under the 15 % income break - point (bracket) which is now the 12 % bracket $ 77,200 for joint filers.

Kindly note that units allotted under each SIP of ELSS tax saving fund (s) are locked for 3 years and advisable to remain invested in equity funds for little longer period (especially investments in Mid cap fund).

For the 2014 — 15, 2015 — 16 and 2016 — 17 financial years non-concessional contributions are subject to a yearly cap of $ 180,000 for members 65 or over but under 75 or $ 540,000 over a three - year period for members under 65If a member's non-concessional contributions exceed the cap, from 1 July 2017 a tax of 47 % is levied on the excess contributioFor the 2014 — 15, 2015 — 16 and 2016 — 17 financial years non-concessional contributions are subject to a yearly cap of $ 180,000 for members 65 or over but under 75 or $ 540,000 over a three - year period for members under 65If a member's non-concessional contributions exceed the cap, from 1 July 2017 a tax of 47 % is levied on the excess contributiofor members 65 or over but under 75 or $ 540,000 over a three - year period for members under 65If a member's non-concessional contributions exceed the cap, from 1 July 2017 a tax of 47 % is levied on the excess contributiofor members under 65If a member's non-concessional contributions exceed the cap, from 1 July 2017 a tax of 47 % is levied on the excess contributions.

In his book, Lomborg proposes that a modest carbon tax could pay for all of this work at a fraction the cost of a cap on emissions of greenhouse gases, the approach pursued by Europe under the Kyoto Protocol (and rejected in the United States).

If the international community decides that it is indeed willing to pay for this service — through carbon taxes, mandatory cap - and - trade carbon markets, or some other mechanism — to whom would that money be owed and under what circumstances?

Simpson, a former Republican senator from Wyoming, and Bowles, a White House chief of staff under President Clinton, proposed addressing the federal government's shortfall by — among other things — converting the mortgage interest deduction to a 12 percent nonrefundable tax credit, capping the mortgage amount at $ 500,000, and eliminating credits for second residences and home equity.