Gannett reports that New York State’s property-tax cap limit will be 1.56 percent in 2015 for counties, towns and most cities that run on a fiscal year that starts Jan. 1, according to the Office of the State Comptroller. The tax cap is 1.66 percent this year, and was 2 percent the previous two years.
We’re very pleased that property tax growth has been limited. But the tax cap has squeezed budgets for local governments and schools – in part because the state has failed to enact mandate relief.
To find out what Albany can (and should) be doing to help our local governments and school districts live within their means, check out our Let NY Work Agenda.