Property tax levy growth for libraries that a) have had a public vote on their tax levy and b) have a January – December fiscal year will be capped at 1.84% for fiscal year 2018. For libraries with a June-July fiscal year, the figure will be released in mid-September. Tax Cap Reminders:
- Any library that has ever had a successful public vote on their budget must file the online tax cap form annually: http://bit.ly/20ZEEiZ
- Any library planning to exceed the cap with their next vote, or who is unsure because they do not have the tax levy growth number in time, must pass a board resolution noting the intent to override the cap prior to the adoption of the budget for the year they plan to override: Sample override resolution language: http://bit.ly/2tqFqAF
Need an introduction to the NYS Property Tax Cap and how your library stays in compliance? Check out this introductory webinar, provided by MHLS: http://bit.ly/2ceMNlO
