As if figuring out one’s tax bill isn’t mind boggling enough. Now, with a two percent limit on property tax increases, there will be more brains flustered. It is not a simple calculation at all. In fact, the tax cap will affect each school district’s levy in various ways. So don’t think you will be able to take your bill from last year and just increase it by two percent. The process uses a much more complex formula eight steps, as a matter of fact.
The formula is used to figure out what is called a tax levy limit. For example, the formula allows for certain expenses to beexempt from the cap, therefore allowing the total tax levy increase to be greater than the “perceived” cap. There are also other factors such as assessments and equalization rates that will still impact tax rates.
Will voters still get to vote on a budget?
The answer is yes. They will still be able to cast their votes on the third Tuesday in May. However, according to a presentation given at Cooperstown Central School on Tuesday night by State Aid and Financial Planning Service Senior Specialist Patricia Service, school boards can present a budget that requires a levy that exceeds the cap, but will need a higher voter approval. Instead of the majority vote (50 plus one) needed in the past, the threshold for voter approval will be 60 percent. If the board presents a budget that does not require a levy that exceeds the cap, Service said, it only needs a “simple majority.”
A property tax report card is still required and will now include the district tax limit and a proposed tax levy before exemptions. The budget notice should now include the district tax levy limit, a proposed tax levy before exemptions and a budget statement.
School boards do have options. They can propose a budget requiring a total tax levy at or below the calculated maximum allowable tax levy prescribed by law (required a simple majority 50 plus one voter approval) or propose a budget requiring a total tax levy above the maximum allowable by law (requires 60 percent voter approval and a statement on the ballot indicating the required tax levy before exemptions exceeds the tax levy limit).
If the budget is not approved by the public, the district may resubmit the original or revised budget plan to voters on the third Tuesday in June or adopt a contingency budget that levies a tax no greater than that of the prior year. If the resubmitted/revised budget proposal is not approved, the board must adopt a budget that levies a tax no greater than that of the prior year and it would be subject to contingent budget requirements.
Districts will not be allowed to increase the tax levy to the extent necessary to fund items of expenditure excluded from the tax cap. Expenditures are no longer subject to the overall contingent budget spending cap.
If a clerical or technical error is made and the levy exceeds the maximum allowed by law, the excess amount collected should be placed in reserve. Excess amount and any interest earned will be used to offset the tax levy in the following year.
Confusion will abound and clarifications are still being sought. This is a pilot year of this law, so it should be interesting.
Opinion
Our Opinion: Confused much?
- Our Opinion
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Our Opinion: Vote for Pohl
Cooperstown Central School graduate Phil Pohl is among 10 finalist in the Lowe’s Senior Class Award. First off congratulations, Phil. You have always shined on and off the baseball diamond. Pohl graduated at the top of his class and was a two-time Class C New York state Player-of-the-Year while at CCS.
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Our Opinion: Put an end to the chemicals
The use of chemical herbicides and pesticides was the main topic at a meeting of the village’s environmental conservation committee meeting Tuesday morning.
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Our Opinion: Town board made right decision
Last week, the Otsego town board voted to grant the village’s Gateway Project “limited zoning immunity.” The decision nullified a stop work order issued to the project earlier by Otsego Town Code Enforcement Officer Hank Schecher.
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Our Opinion: Small tax increase a good idea
The village board held its public hearing on the budget Monday night and no one showed up to voice opposition to the 2 percent tax increase approved late last month by the trustees.
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Enjoy area activities, attractions
With the rising gas prices many people are counting pennies just to keep food on the table, much less thinking about taking a family vacation.
Continued ... - Thursday, March 15, 2012
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Our Opinion: Contest or not, vote
Next Tuesday is the annual village election. Residents will vote for a new mayor and two members of the board of trustees.
Continued ... - Friday, March 9, 2012
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Our Opinion: Roses
Roses to the Cooperstown Concert Series for the completion of another entertaining season. The series has been providing live entertainment for the community during the fall and winter for 42 seasons. Each year the series brings that entertainment to Cooperstown through the efforts of the many volunteeers in the organization. Their efforts and the support of their patrons and sponsors adds a great deal to life in the village.
Continued ... - Friday, March 2, 2012
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Our Opinion: Taking concussions seriously
Traumatic brain injury is a serious public health problem in the United States. Each year, it contributes to a substantial number of deaths and cases of permanent disability. Recent data shows that, on average, about 1.7 million people sustain a traumatic brain injury annually. It is becoming a national concern!
Continued ... - Thursday, February 23, 2012
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Our Opinion: Roses
Roses to the Cooperstown boys and girls basketball teams for their winning ways this season. The boys record is 18-1 and the girls stand at 16-3 and both teams won their Section Three quarterfinal games last Friday. This Friday, the top-seeded boys will play fifth-seeded Syracuse Academy of Science in the sectional semifinal and the second-seeded girls will face No. 3 seed Fabius-Pompey. We wish both teams the best as they march toward the championships.
Continued ... - Thursday, February 16, 2012
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Our Opinion: Override helps keep options open
The village board of trustees will hold a public hearing later this month on a local law that would allow the village to exceed the 2 percent property tax cap approved by Governor Andrew Cuomo and the legislature.
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Our Opinion: Vote for Pohl
- Your Opinion
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Your Opinion: May 10, 2012
I am a candidate to continue with another term on the Cooperstown school board. My background is a graduate degree in technology education and professional experience in financial planning and management and regulatory compliance as director of a nonprofit community development corporation. I started on the Cooperstown board in 1996 and have seen much change in how New York manages public education in funding support, mandates, and expectations.
Continued ... - Your Opinion: May 3, 2012
- Your Opinion: March 15, 2012
- Your Opinion: March 8, 2012
- Your Opinion: March 1, 2012
- Your Opinion: February 23, 2012
- Your Opinion: February 9, 2012
- Your Opinion: January 19, 2012
- Your Opinion: January 5, 2012
- Your Opinion: December 29, 2011
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Your Opinion: May 10, 2012

