According to an analysis by the NYS School Boards Association (NYSSBA), voter approved the vast majority of school budget votes last week. Overall, 98.5% of school budgets statewide passed on Tuesday, with 10 failing. NYSSBA was awaiting results from 11 districts Wednesday morning.

Of the 640 districts that proposed budgets with tax levies within the cap, 638 (99.7%) were approved. Of the 36 districts that proposed tax levies above the cap, 28 (78%) had their budgets approved by the 60% supermajority required.

The average tax levy increase statewide was 0.7%, but a state education funding increase allowed for an average 2.1% spending increase for the 2016-17 school year.

We see these results as a clear indication that the state’s real property tax cap is working.