Updated Tax Cap Stats
With 1,174 municipalities reporting their 2012 budgets to the state Comptroller’s Office, 217 plan to override the 2 percent limit on local property tax levy growth, updated numbers show.
So far, that’s an 18 percent override rate. That’s roughly the same rate as the figures provided on Nov. 14 indicated.
Big grain of salt time: 57 percent of the 2,726 of the towns, villages, counties and special taxing districts have not reported their budgets to the state. Cities and counties have a fiscal year that ends with the calendar year. Villages’ fiscal year budgets end Feb. 28.
As Tom DiNapoli’s office pointed out earlier this month, fire districts have been slow to comply with the measure’s requirements (although some of that may have been due to a “technical glitch”). The figures this week show 40 percent of the first districts have submitted the proper paperwork. Their budgets were due to the state on Nov. 4.
Gov. Andrew Cuomo, the driving force behind the long-sought cap, has undertaken a public campaign in the past month to tout the cap’s benefits. It comes after some communities voiced their displeasure with the cap, which includes some exemptions for tax base and pension growth.
It takes a 60 percent majority of a local government’s legislative body to override the cap. School district budgets are due to be submitted until the spring.
The comptroller’s office provided a pretty thorough spreadsheet that includes data by county and type of government. I’ve uploaded it to Google Docs and can be found here.
| Print article | This entry was posted by Nick Reisman on November 29, 2011 at 9:45 am, and is filed under Tax Cap. Follow any responses to this post through RSS 2.0. Both comments and pings are currently closed. |
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