All articles tagged with #tax cap
Two Long Island school districts, West Hempstead and Wainscott, saw their budgets fail, with Wainscott attempting to pierce the tax cap. However, the William Floyd district budget passed, resulting in an estimated $1,000 decrease in property taxes for the average homeowner in the area.
Overwhelming approval of school budgets was reported in 110 Long Island school districts, with defeats only in West Hempstead and the tiny Wainscott district. A record $771 million infusion of state financial aid for the region is allowing some districts to boost budgets while also curbing taxes. Islandwide, 118 districts are keeping taxes within boundaries set by the state's strict cap restrictions. The continuing growth in school reserve funds has touched off a debate, with some government authorities and taxpayers alike contending that districts should apply more of this money to holding down taxes.