Average School District Tax Levy Increase Below Two Percent Cap
The average proposed school district tax levy increase in 2017 will be 1.48 percent, well below the 2 percent property tax cap.
That's according to a New York State School Boards Association analysis of school district budget data from the State Education Department.
This will be the fourth consecutive year the tax cap growth will be below two-percent.
The NYSSBA says a total of 12 school districts will attempt to get 60 percent voter approval when they put their budgets up for vote on May 16th, compared with 36 districts a year ago. That's because their property tax increases exceed their allowable tax levy limits.
The total average spending increase for school districts statewide, excluding the Big Five, is 2.15 percent.