Albany, NY, May 14, 2012 — Voters across New York state will decide Tuesday whether or not to approve their local school district budgets, and the property tax levies needed to pay for them. School budgets are complicated, to say the least, and they're even more complicated this year because the new 2% property tax increase cap is putting additional limits on what school boards can ask for. Many schools have had to make serious cuts in the last couple years--and are now looking at more.
We heard last week on how one rural school district is trying to balance its financial needs with money coming from local taxes and the state. For a wider view, WRVO's Catherine Loper spoke with Rick Timbs, executive director of the Statewide School Finance Consortium. They spoke about the effect this year's budget cycle will have on schools and the future of education funding in New York--and about new questions raised by the tax cap: Go to full article