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News stories tagged with "tax-cap"

Itís tough times. Some of the services that arenít mandated, unfortunately, weíre going to have to reduce ó and possibly cut staff.

Essex County gets to work on Irene-stalled budget

Work on Essex County's budget for next year was another victim of Tropical Storm Irene.

Board chairman Randy Douglas says that budget negotiations were "put on the wayside" while supervisors and county officials were kept busy overseeing repairs and clean-up efforts. But that will change soon. Martha Foley reports.  Go to full article
In August, St. Lawrence County held a public meeting to begin the process of potentially overriding the 2% property tax cap. Photo: Julie Grant
In August, St. Lawrence County held a public meeting to begin the process of potentially overriding the 2% property tax cap. Photo: Julie Grant

Property tax cap override is possible--but not simple

School boards and leaders of some counties in New York are already saying they may need to override the newly enacted 2% property tax cap.

They say there might not be enough money to pay for flood damage from two tropical storms and mandated state programs if they don't override the new tax limit. As Karen DeWitt reports, there is a way to override the tax cap--but it's not simple:  Go to full article
On August 30, national Guard troops cleared power lines and debris around a ruined home in the town of Jay. (Photo: Brian Mann)
On August 30, national Guard troops cleared power lines and debris around a ruined home in the town of Jay. (Photo: Brian Mann)

Jay searches for ways to finance post-Irene recovery

Flooding triggered by Tropical Storm Irene may force Essex County to borrow money to make it through the end of this year. Jay Supervisor Randy Douglas chairs the Essex County Board of Supervisors.

Douglas said he couldn't put a dollar figure on the total damages to county infrastructure. But he said individual projects relating to Irene will cost towns in the county hundreds of thousands of dollars.  Go to full article
If they want to raise [taxes] by 20%, God bless them. If they believe they need to raise their taxes they can do it.

Cuomo: Irene-hit communities can override tax cap via "built-in relief valve"

Governor Andrew Cuomo says he does not think the 2% property tax cap enacted into law earlier this year will put a damper on local governments' efforts to raise funds to clean up flood damage from tropical storm Irene. In Albany, Karen DeWitt has more:  Go to full article
This is the point when you need to do something about it and you need to borrow to keep going.

St. Lawrence County will borrow to pay this year's bills

St. Lawrence County treasurer Kevin Felt has announced that in order to meet its financial obligations for this year, the county's going to have to borrow money by issuing bonds.  Go to full article
Our hands are going to be forced to do more with less, and that could include personnel reductions

Tax cap could cut jobs in Essex County

A collective cheer rang out last month when lawmakers passed legislation capping the growth of property taxes in New York at two percent. The bill was quickly signed into law by Governor Andrew Cuomo, who had labeled a tax cap as one of his major legislative priorities.

Supporters say the tax cap represents a major shift toward fiscal solvency in New York. But as Chris Morris reports, the legislation is already setting up major economic road blocks for one county government.  Go to full article
Let's see how it works for a few years... before we start lopping away pieces of it.

Cuomo vetoes bill to allow schools to borrow against pension funds

Governor Cuomo has vetoed a bill that would have allowed school districts to borrow up to $1 billion dollars against the worth of their pension funds, saying the bill would be fiscally irresponsible and reckless, and would undo much of what Cuomo's tried to do with his 2% property tax cap. Karen DeWitt has the details.  Go to full article
Canton Elementary School students
Canton Elementary School students

Property tax cap passed quietly, but could make a big noise in North Country schools

Buried by the passage of the same sex marriage law Friday night, was the news that the state legislature also passed the 2 percent property tax cap.

Over the last several months several North Country educators have came out against the cap, saying it would disproportionately affect poor rural areas and would make it difficult for schools to keep up with rising costs.

Canton Central School District Superintendent William Gregory has been among the most outspoken of these opponents and wrote a letter last year to Governor Cuomo arguing against the cap. Nora Flaherty spoke with Gregory to get his take on how the cap will affect North Country school districts.  Go to full article

Tax cap and rent laws unresolved as legislative clock runs down

There's just four full days left in the legislative session, and still no agreement on a property tax cap or the renewal of New York City's rent laws, two issues that state lawmakers have tied together. The rent laws expire at the end of the day Wednesday, and time is running out. Karen DeWitt reports.  Go to full article
Thereís no question that thereís a train that has left the station. Itís going down a reckless track that is not good for the children.

Educators and school boards speak out against property tax cap

State lawmakers are close to approving a cap on property taxes in New York, but the groups most impacted say they are still trying to change what they see as the most potentially harmful parts of the package. Karen DeWitt reports.  Go to full article

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