The Buffalo News posted a quick overview of the proposed property tax cap:
For all the talk about the property tax cap that seems headed our way, something has been kind of lost in the hubbub. The details...
...- A district's tax levy increase would be capped at 2 percent or the annual increase in the consumer price index, whichever is less.The article is dead on on one point: THE DETAILS. This affects almost every conversation out there. there needs to be easier access to public documents. In this internet access age, there should be no excuses to providing them for anyone to download and read.
- There is a way for schools to exceed the cap. If a district proposes a budget that exceeds the tax cap, the district would need 60 percent approval of the budget, rather than the standard 50 percent.
- If a budget fails to get voter approval, the district would have to submit a revised budget subject to a public vote on the third Tuesday in June. If this revised budget exceeds the tax cap, it would require approval by 60 percent of those voting.
- If the revised budget fails to get voter approval, the district would have to adopt a budget with no tax levy increase...
But back on track....The Buffalo News also ran an article (editorial) a few weeks back on how the cap has affected Taxachuetts over the past 30 years.
Something happens as the green "Welcome to New York" sign fades in the rearview mirror when you cross into Massachusetts: Taxes go down.
They are lower on clothing purchases. On gasoline, on furniture, on alcohol and on a range of goods and services. On businesses. And personal income is taxed at a lower rate.
But, most noticeably, property taxes are lower.
As a result of a 30-year-old law limiting their annual growth -- the kind of plan under debate in the New York State Capitol -- sharply rising property taxes no longer dominate kitchen table discussions in Massachusetts...