Tax Cap Update for Libraries with a Calendar Fiscal Year: The 2016 inflation factor for libraries with a calendar fiscal year (January-December) has been announced by the Office of the State Comptroller: 0.73%.
- If needed, the language for an override resolution can be found here
- A reminder that the tax cap form must be filed between when the form becomes available and prior to adoption of your budget for libraries with a calendar fiscal year (Jan-Dec) and by March 1 for libraries with a school fiscal year (June-July).
- For more information please visit the website of the Office of the State Comptroller
- If you have questions please feel free to contact Rebekkah Smith Aldrich, MHLS Coordinator for Library Sustainability