Homeowners whose districts stayed under the cap can expect a check equal to about 2 percent of their total school tax bill. The average total rebate over the three years that program will run is expected to be around $656, for a total program cost of $1.5 billion. HOMEOWNERS in every school district in Central New York will be receiving checks except Brookfield, in Madison County.
According
to a recent news article (Post Standard) here's how it works:
* Property owners pay their school
tax bills after the tax rates are officially enacted in August.
* In districts that stayed below their tax caps, any increase from the previous year will be reimbursed by the state.
* The first state checks reimbursing school property tax increases [WOULD HAVE ARRIVED] right around the fall election season.
* The tax rebate program also applies other local governments such as villages, cities, towns [TOWN OF BROOKFIELD? Do we have one?] and counties [MADISON COUNTY].
* The state plans to spend $1.5 billion over the next three years on the rebates. The state estimates it will pay property owners statewide $656 each in rebates on school and municipal taxes.
Officials in some Central New school districts that initially planned to override their tax caps to fund their budgets changed their minds.The Lyncourt District said the prospect of being one of the very few districts to go over the tax cap and not qualify for rebates had huge public relations implications for future budgets. [ A DISTRICT THAT ACTUALLY THOUGHT ABOUT THE TAXPAYERS!!!]
I do not recall one piece of information from the BCS Board or Administration during our budget talks advising TAXPAYERS & VOTERS of this penalty if we voted to override the budget. While it is the VOTERS that approved the OVERRIDE, it is only the TAXPAYER who is penalized.
Now, the Madison County Board of Supervisors wants to override it's tax cap despite having received a $14 million windfall from the State settlement with the Oneida Indian Nation.
At
the SUPERVISOR's Oct. 14 meeting in Wampsville, a hearing will be held
to allow residents to provide input on whether or not the county should exceed
the property tax cap, calculated this year at 1.562 percent.
* In districts that stayed below their tax caps, any increase from the previous year will be reimbursed by the state.
* The first state checks reimbursing school property tax increases [WOULD HAVE ARRIVED] right around the fall election season.
* The tax rebate program also applies other local governments such as villages, cities, towns [TOWN OF BROOKFIELD? Do we have one?] and counties [MADISON COUNTY].
* The state plans to spend $1.5 billion over the next three years on the rebates. The state estimates it will pay property owners statewide $656 each in rebates on school and municipal taxes.
Officials in some Central New school districts that initially planned to override their tax caps to fund their budgets changed their minds.The Lyncourt District said the prospect of being one of the very few districts to go over the tax cap and not qualify for rebates had huge public relations implications for future budgets. [ A DISTRICT THAT ACTUALLY THOUGHT ABOUT THE TAXPAYERS!!!]
I do not recall one piece of information from the BCS Board or Administration during our budget talks advising TAXPAYERS & VOTERS of this penalty if we voted to override the budget. While it is the VOTERS that approved the OVERRIDE, it is only the TAXPAYER who is penalized.
Now, the Madison County Board of Supervisors wants to override it's tax cap despite having received a $14 million windfall from the State settlement with the Oneida Indian Nation.
