Posted at: 03/16/2014 4:42 AM
Updated at: 03/16/2014 4:45 AM
6 percent of NY school budgets seek cap override
BUFFALO, N.Y. (AP) - Six percent of New York school districts are planning to ask voters to approve budgets that exceed the state-imposed property tax cap.
The New York State Association of School Business Officials says about 32 districts will seek to raise taxes beyond the state-established limit, meaning the budgets will need a supermajority of at least 60 percent to pass.
Last year, 28 school districts tried to override the tax cap and 10 of them succeeded.
Budget votes for the 2014-15 school year take place May 20.
This is the third year of district budgeting to be guided by the 2011 tax cap. It generally limits increases in the tax levy to 2 percent or the rate of inflation, whichever is less, but is customized for each district based on certain exemptions.
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