Showing posts with label NYS tax cap. Show all posts
Showing posts with label NYS tax cap. Show all posts

Saturday, December 24, 2011

New York jurisdictions generally abiding by tax cap More than 80% of governments comply with limit

More than 80 percent of local governments are staying under the state's new property tax cap, data from the state comptroller's office show.
But some government officials said they are doing it with plenty of pain to local services and staff.
Nineteen percent of governments who relayed their plans to the comptroller's office said they are overriding the cap when their fiscal year begins Jan. 1.
As of Monday, 62 percent of governments had reported their plans, though almost all counties, cities and towns had reported. Other taxing entities filing their reports include libraries and fire districts.
Gov. Andrew Cuomo, who pushed for the property tax cap in his first year in office, said last month that the tax is working.
"Since it took effect this summer, the cap has stopped automatic tax increases and brought much needed scrutiny to government spending," he said in a video message last month.
The statistics from the comptroller's office were a snapshot. Some governments said their legislative bodies either have since agreed to override the cap or did so as a pre-emptive step, but didn't ultimately go over the cap.