New Your State School Boards Association

Statement by NYSSBA Executive Director Timothy G. Kremer on the Tax Cap


FOR RELEASE: January 20, 2016

CONTACT: David Albert
(518) 783-3716 or (518) 320-2221 cell
@nyschoolboards


Today’s announcement that property tax levy growth for school districts will be capped at 0.12 percent next year will create a hardship for school districts and their ability to meet student needs.

That’s because schools will not be able to raise any meaningful new revenue without obtaining a 60 percent supermajority in support of their budget – a very challenging task.

To put this into perspective, the median school tax levy in 2015-16 was slightly less than $15 million.  Under a 0.12 percent tax cap, the levy would generate less than $18,000 in additional local revenue – not enough to hire a full-time teacher.

The alarmingly low tax cap reinforces the need for significantly more state education aid, beyond that proposed in the Executive Budget.

 

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