More than 56 percent of New York’s 882 fire districts recently passed budgets without filing the required tax cap data with the Office of the State Comptroller, according to State Comptroller Thomas P. DiNapoli. The electronic filings were due by November 4. State law requires fire districts to file their proposed budget data for review by OSC prior to adoption of their annual budgets to ensure that the districts’ tax cap calculations are accurate.
Comptroller DiNapoli’s web page, “Real Property Tax Cap,” is available to help localities navigate the complexities of the property tax cap. State law restricts tax levy increases for local governments, most school districts and other smaller independent entities, such as library, fire or water districts, to no more than 2 percent this year.
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- The tax cap: It runs broader than you realize (timesunion.com)
- A.M. Roundup: Fire districts miss cap deadline (timesunion.com)