Friday, June 24, 2011

2% Property Tax Cap Passes NY Senate

   
The bill caps taxes at the lower of either the rate of inflation, or 2%. WHEC-TV
  

14 comments:

Anonymous said...

Now let's see if the state can manage to limit their mandates to 2% or inflation, which ever is lower.

Anonymous said...

WOWZA!! Now my taxes will only go up by 20% every 10 years!!

Anonymous said...

Why shouldn't the cost of education and government go up 2% or COLA in a year? Everything else goes up - gas, bread, electricity, cable.
At least this law puts a limit of the desire of our BOE and the legislature to spend our money for us.

SCATS said...

To 10:21AM ~~ Does your salary rise at least 2% per year? I'm guessing it does not. What about Social Security or other retirement benefits? No? Then MAYBE a 2% limit isn't what's needed.

IT'S TIME FOR SCHOOL BOARDS TO REIGN IN THE CONTRACTS & THE BUDGET!

Anonymous said...

It may be too little too late. The salaries of the professionals in the schools have been increasing at a rate of at least 5% per year even in contract impasse situations as well as austerity budgets. As each year continues the salaries increase while the benefits to the students decrease since the overall tax increase has been kept in check. Soon we will have employees teaching for their steadily increasing salary while the class sizes increase and the course offerings decrease. But there will always be football, so we needn't worry.

Anonymous said...

Don't forget the increase in your assessment on top of this 2% increase in tax rate.

Anonymous said...

I assume that the same COLA used for Social Security could be the cost of living adjustment that limits taxes. If the COLA for SS is only 1% than that would be lower than 2% and would be the tax limit, wouldn't it? The law says 2% or Cost of Living, whichever is lower.
Of course we need to make sure the state uses the COLA from SS as the cost of living inflation mark for the tax cap. That's likely, NOT!

Anonymous said...

The tax cap is a stupid diversion - designed to lead the sheep away from what really is needed - A SPENDING CAP. Nothing less is a serious effort towards fiscal control.

Charlie Hubbard said...

1:23 You are absolutely right.

Anonymous said...

2:13 That's right! If they keep raising our assessment of our properties, then they could hide a 10% tax increase in a 2% supposed increase. For example a house is assessed this year at 120,000 and next year the town assessors office gives it an assessment of 132,000. We are doomed to pay the tax on a house that is now reckoned at 10% more than the previous year. If they do that across the board in thirds (the present schedule in Greece to hide the scam) we would hardly notice it like the proverbial frog in the pot of slowly boiling water.
And we know how easy it is for the town to change assessments at the whim of the "assessor". That's why the Schwab con game was so easy for those 3 to pull off on the town and Kodak and the taxpayers of greece. The assessor has no accountability, even from the town board. Only if someone protests a high assessment is anything even considered to be adjusted. And that takes lots of work.
Are other towns in NY state as corrupt as Greece?

SCATS said...

To 4:13PM ~~ Let's not forget that they never fixed our assessments AFTER the Schwab mess was over. We've been paying, paying & paying for it for years.

Anonymous said...

In today's mail, I just received notice of my new (higher) amount I'll be collecting for Social Security. For the first time, I'll be receiving a COLA. Guess what? I'll be making a whopping SIXTY-CENTS ($0.60) every month! Thanks, COLA.

Anonymous said...

To 7:58 - that's because of the selective ways our different (autonomous) governmental agencies can calculate cost of living. There needs to be one "official" cost of living rate that is used for all of these "cola" adjustments. Of course, as is pointed out, that won't stop the increase in assessments as the built in loophole in this cap legislation.
How about it representatives? Can we get ONE inflation number?

Anonymous said...

9:54: Your taxes will be up 24.3% you forgot compounding. However I think it is a limit on the tax levy so your taxes may go up more or less than the 2%.
Cheers.

10:21: 2% will be the max and the minimum (maybe). And that will be the case even if enrollment drops 15%.

1:23: You go girl, go!!!
Cheers.