NYS Comptroller DiNapoli Cautions “Big Four” Cities (Buffalo, Rochester, Syracuse and Yonkers) Fiscal Prudence in Local Budgeting

eHezi Education, Finance, Governance, History, New York City, New York State, Yonkers, NY 7 Comments

School District Tax Levy Capped at 1.81 Percent for FY 2020-2021

NYS Comptroller Thomas DiNapoli

YONKERS, NY — Property tax levy growth for school districts will be capped at 1.81 percent for the 2020-2021 fiscal year, down from a 2 percent cap in each of the two previous years, according to data released yesterday by State Comptroller Thomas P. DiNapoli.

“As the levy growth rate dips below 2 percent, school district and municipal officials need to be fiscally cautious and examine where they can limit spending to stay under the cap,” DiNapoli said. “Local governments will have to examine their budgets more closely to control expenses.”

The 1.81 percent cap affects the tax cap calculations for 676 school districts as well as 10 cities with fiscal years starting July 1, 2020 including the “Big Four” cities of Buffalo, Rochester, Syracuse and Yonkers.

The tax cap, which first applied to local governments and school districts in 2012, limits annual tax levy increases to the lesser of the rate of inflation or 2 percent with certain exceptions, including a provision that allows school districts to override the cap with 60 percent voter approval of their budget.

For the list of allowable tax levy growth factors for all local governments, visit: www.osc.state.ny.us/localgov/realprop/pdf/inflation_allowablegrowthfactors.pdf

Find out how your government money is spent at Open Book New York. Track municipal spending, the state’s 160,000 contracts, billions in state payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and commonly requested data.

eHeziNYS Comptroller DiNapoli Cautions “Big Four” Cities (Buffalo, Rochester, Syracuse and Yonkers) Fiscal Prudence in Local Budgeting

Comments 7

  1. No Yonkers Employees live in Yonkers.
    They GAME to come on and continue to lie ,cheat, and steal.
    It is a bogus city with an inept work Farce.
    It is dysfunctional and that is the biggest crime to us taxpayers.
    Best of Luck Dumb-Napoli

  2. I think the governor will be too busy hoping that the families of those murdered by the miscreants he has freed with his catch-and-release no bail law won’t sue his sorry ass.

    1. So where does that leave Yonkers??? Taxpayers holding the bag yet again. Where are our County and State legislators? Time to walk your talk.

    1. Explain your optimism! Is it unquantified by blindness and ignorance! Do you have any insight into the budget beyond your
      Corrupt Family $$$$ Lock up 🔐

  3. Yonkers fiscal house is in complete disarray and cash relief from Albany will be limited, at best, as NYS struggles with $6billion budget deficit. The 20-21 budget shenanigans in Yonkers will soon begin as budget gap is likely $40-50 million. Expect lay-off threats from Mayor Mike Malfeasance to come, which will be followed by countless unproductive budget hearings that result in zero fiscal accountability or restraint. In the end, the fiscally ignorant Council will approve another tax increase for homeowners and salute themselves and the Administration for maintaining the corrupt/wasteful status quo that exists in Yonkers. Outcome will be further exodus of homeowners from Yonkers, with more for sale signs appearing in 4th, 5th and 6th districts.

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