Written by Rob Lillpopp on January 23, 2012 – 7:10 am
An editorial in the Jamestown Post-Journal points to the analysis done by the State Comptroller’s office on how local governments and school districts are dealing the 2% tax cap as they put their budgets together.
“More than 70 percent of local governments reviewed by auditors had adopted budgets with a property tax levy that was within the allowable limit, while 5 percent exceeded the cap inappropriately, according to an analysis by New York State Comptroller Thomas P. DiNapoli’s office.
In the last few weeks DiNapoli sent more than 200 auditors across the state to review the new budgets of 798 municipalities.
“My auditors will be visiting the municipalities that exceeded their tax cap improperly to make sure they have taken corrective action and reduced their tax bills or put any excess property tax revenue into a reserve as required by the law,” DiNapoli said. “Our review assisted local governments by providing insight into common issues and errors calculating the new tax cap, and I have directed my staff to develop additional training and expand our outreach to eliminate these errors.”
To read more click here.
