The
Schodack newsletter explains it this way: "the law requires school
districts to use an eight-step formula to determine how much they can
increase their tax levy by. As a result, most school districts can raise
their tax levies by more than 2% and still be within the tax cap.The reason is the state’s formula allows exemptions for certain school
expenditures that are outside a district’s control – such as
contributions to the state retirement system – as well as allowances
for growth in a community’s tax base. In Schodack CSD, the state allows
the district to increase its tax levy by 2.47% and still be within the
cap. The district decided to raise the tax levy by that amount to
reduce the level of cuts that would be required to programs."
OCS
newsletter says "The Board of Education has adopted a budget that
contains a ZERO percent increase to the tax levy. This does not mean
that each individual tax bill will remain unchanged from last year."
But I am just being
funny, not really expecting a comprehensible explanation. Reconciling
the much-touted 2% with reality reminds me of Nineteen Eighty-Four.
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