Tuesday, September 17, 2013

Tax Cap Review under the Wood Administration

Below please find the Report for the Tax Cap Review. 
Once again we like to inform the reader so that they may make educated decisions.

December 28, 2012

Ms. Evelyn Wood, Town Supervisor
Town of Thurman
PO Box 29
Athol, NY 12810

Report No: 2012M-904-TC

Dear Town Supervisor Wood:

Chapter  97  of  the Laws of 2011 established a tax levy limit on all local
governments  in  New  York  State,  effective  January  1,  2012.  This law
requires  that local governments maintain any property tax levy increase to
no  more  than  2 percent or the rate of inflation, whichever is less.  The
law  does  provide  exemptions  for  certain  specific costs and allows the
governing  board  to  override the tax levy limitation with a supermajority

We  have  determined  that your tax levy for 2013 was materially within the
allowable limit.

If  you  have any questions, please contact our Glens Falls Regional Office
at (518) 793-0057.


                            Steven J. Hancox

                            Deputy Comptroller
                            Division of Local
                            and School

1 comment:

  1. Can you tell me what happens if the governing board does override and the tax does exceed allowable tax levy?