Sentences with phrase «under the tax cap when»

«In past years we stayed under the tax cap when our expenses were rising and we probably should have gone up to the tax cap and exceeded it (then) in order to balance our budget,» said Dyster.

Not exact matches

«But when they clarified the tax cap in 1994, under Gov. Jim Edgar, what they said was, whatever you had in outstanding debt at that time, you can continue to bond at that level.

The Senate twice passed a one - house property tax cap bill when the chamber was under Democratic control, but that was back when it was assured the Assembly Democrats wouldn't take up the measure, making the vote entirely symbolic.

And while officials say they were shocked by the drop in the tax cap when it was announced in July — but promise to stay under it — experts and town officials wonder how much longer they can.

Members of the Town Board had publicly signaled their reluctance to raise taxes past the tax levy cap, which would not only add more than $ 100 to the average tax bill but also cancel a tax credit residents get when their municipalities remain under the cap.

Districts and Municipalities should be encouraged to plan their budgets like any other year, and plan to override the cap when essential services will suffer — because taxes will not go down under the current property - tax based system (or healthcare system or pension system).

«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.»

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.

He said he assumed the office when the county faced a $ 40 million budget gap, then turned the «grim» situation into three straight budgets under the mandated state tax cap, built a budget surplus of more than $ 18 million this year, replenishing the fund balance to $ 40 million, and improved the county's bond rating to among the highest in the state.

When I had announced this workshop just a fortnight ago the Sensex was at a record 36000 + and featured in the Workshop Title... In days since then following a global correction and arguably an uninspiring Union Budget that re-introduced Long Terms Capital Gains Tax the Sensex fell sharply below 34000 with many non large caps taking a hit of even 30 % with Vakrangee decimating over 50 % from over Rs 500 to under Rs 200 on Corporate Governance issues