Majority of school districts stay within tax cap
ALBANY – An overwhelming majority of school districts are proposing to stay within the property tax cap.
According to the State Education Department, the statewide average proposed increase in the property tax levy is 2.37 percent. Ten districts are proposing decreases in their proposed levy and 22 districts are proposing zero increases in their proposed levy. Only 49 or 7.30 percent of school districts are proposing a tax levy that exceeds their cap, which would require a 60 percent majority vote to override.
Overall spending compared to last year increased by only 1.70 percent and spending per pupil increased by 2.40 percent, while pupil enrollment declined by .71 percent.
“These preliminary findings show that school districts are complying with the intent of the tax cap law, while still trying to be in compliance with state laws and regulations in providing a sound basic education,” stated Michael J. Borges, executive director, New York State Association of School Business Officials.
“However, staying in compliance will become increasingly difficult as school districts deplete their reserve funds and run out of options for cutting expenses in non-mandated services, without real serious mandate relief from the state. If the state fails to take action in the near term, school districts will face both financial and educational bankruptcy,” Borges continued.
According to the State Education Department, the statewide average proposed increase in the property tax levy is 2.37 percent. Ten districts are proposing decreases in their proposed levy and 22 districts are proposing zero increases in their proposed levy. Only 49 or 7.30 percent of school districts are proposing a tax levy that exceeds their cap, which would require a 60 percent majority vote to override.
Overall spending compared to last year increased by only 1.70 percent and spending per pupil increased by 2.40 percent, while pupil enrollment declined by .71 percent.
“These preliminary findings show that school districts are complying with the intent of the tax cap law, while still trying to be in compliance with state laws and regulations in providing a sound basic education,” stated Michael J. Borges, executive director, New York State Association of School Business Officials.
“However, staying in compliance will become increasingly difficult as school districts deplete their reserve funds and run out of options for cutting expenses in non-mandated services, without real serious mandate relief from the state. If the state fails to take action in the near term, school districts will face both financial and educational bankruptcy,” Borges continued.
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