New Lebanon CSD Budget Information

The next school budget vote is Tuesday, May 15, 2018. Voting will take place from 12 p.m. (Noon) to 9 p.m. in the Walter B. Elementary School Gymnasium.

Understanding New York’s Property Tax Cap

In June 2011, New York state leaders responded to calls for property tax relief by enacting a law that placed new restrictions on how school districts (and municipalities) may increase their tax levies*. Although often referred to as a “2 percent tax cap,” the law does not, in fact, restrict any proposed tax levy increase to 2 percent. It does, however, require at least 60 percent voter approval (supermajority) for a school budget if the proposed levy increase exceeds a certain amount.

That amount, called the “tax levy limit,” is calculated by each district according to a complex formula outlined in the law, and varies by district.

To help our community understand New York’s Property Tax Cap, we have provided you with informational resources.

Tax Levy Cap Resources:

Navigating Through Year 2 of New York’s Property Tax Levy Cap – March 2013
Understanding New York’s Tax Levy Cap – October 2011
New York’s Tax Levy Limit Formula: How does it add up?
The Three Tax Levy Numbers Under New York State’s Tax Levy Cap