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DiNapoli: Under New Tax Cap Calculation, School District Tax Levy Growth Near Zero
… Property tax levy growth for school districts will be capped at 0.12 … Thomas P. DiNapoli. The latest calculation affects the tax cap calculations for 677 school districts as well as 10 … Syracuse and Yonkers. “The nearly zero growth in the tax cap will limit budget options for school and municipal …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-under-new-tax-cap-calculation-school-district-tax-levy-growth-near-zeroTaxes – 2022 Financial Condition Report
… State Tax Collections Increased Significantly in SFY 2021-22 from … to $121.1 Billion In SFY 2021-22, reported New York State tax collections increased by 47 percent, primarily reflecting the economic recovery as well as temporary tax rate increases included in the SFY 2021-22 Enacted …
https://www.osc.ny.gov/reports/finance/2022-fcr/taxesDiNapoli: Tax Cap Will Drop Below One Percent in 2016
… for local governments will be capped at less than one percent for the 2016 fiscal year, according to a report … noted the allowable tax levy growth factor will be 0.73 percent for entities that operate on a calendar-based fiscal … levy increases to the lesser of the rate of inflation or 2 percent with some exceptions, including a provision that …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-tax-cap-will-drop-below-one-percent-2016Real Property Portfolio (Follow-Up)
To determine the extent of implementation of the three recommendations included in our initial audit report Real Property Portfolio Report 2022S14
https://www.osc.ny.gov/state-agencies/audits/2026/06/03/real-property-portfolio-followProperty Tax Cap Reporting for Local Governments
Please join us for a general overview of the Property Tax Cap for Local Governments. Presenters will discuss the Property Tax Cap legislation, highlight common reporting errors and review reporting requirements. They will also demonstrate how to complete the tax cap form using OSC's online reporting
https://www.osc.ny.gov/files/local-government/academy/pdf/local-government-tax-cap-09-08-22.pdfOpinion 94-17
… MUNICIPAL LAW, §§120-w, 120-cc; MUNICIPAL HOME RULE LAW, §10(1)(ii)(9-a): A city, by local law, may provide that unpaid … recovery (General Municipal Law, §§120-w[1][c], [2]; see also General Municipal Law, §120-aa; Second Class Cities Law, §79). Although we are aware of no State …
https://www.osc.ny.gov/legal-opinions/opinion-94-17Town of Cuyler – Town Clerk Operations (2017M-207)
… Purpose of Audit The purpose of our audit was to determine whether the Clerk properly accounted for fees … property tax receipts totaling $128,000 were deposited up to 22 days late. The Clerk properly recorded, reported and …
https://www.osc.ny.gov/local-government/audits/town/2017/12/29/town-cuyler-town-clerk-operations-2017m-207East Irondequoit Central School District - Financial Management (2019M-28)
… and reduced surplus fund balances which impact real property tax levies. Key Recommendations Ensure that the District’s … paying down debt or applying it to the necessary property tax levy amount. Provide transparency by budgeting …
https://www.osc.ny.gov/local-government/audits/school-district/2019/10/18/east-irondequoit-central-school-district-financial-management-2019m-28New York’s Economy and Finances in the COVID-19 Era (March 4, 2021)
… decisions on specific uses and timing of federal stimulus funds. Comptroller DiNapoli Releases Analysis of Executive …
https://www.osc.ny.gov/reports/impact-covid-19-march-4-2021Comptroller DiNapoli Releases Municipal Audits
… The town’s 2016 proposed budget complies with the property tax cap levy limit. Town of East Hampton – Budget Review … The town’s 2016 tentative budget complies with the property tax cap levy limit. Village of East Hampton – …
https://www.osc.ny.gov/press/releases/2015/11/comptroller-dinapoli-releases-municipal-audits-0Village of Suffern – Budget Review (B8-15-13)
… are reasonable. The adopted budget relies on a 16 percent property tax increase to finance the general fund budget deficiencies … because there are no other sources available to reduce the property tax levy, such as fund balance. For 2013-14, there …
https://www.osc.ny.gov/local-government/audits/village/2015/05/22/village-suffern-budget-review-b8-15-13“Nation’s Report Card” Underscores New York’s Need for Academic Recovery
… participates in, economic assistance programs, such as the Free or Reduced-Price Lunch Programs (NYS 2021-22 Report Card …
https://www.osc.ny.gov/reports/nations-report-card-underscores-new-yorks-need-academic-recoveryProperty Tax Cap Retirement Exclusions – School Districts
View the Retirement Exclusion Percentage for School Districts
https://www.osc.ny.gov/files/local-government/property-tax-cap/pdf/retire-exclusions-schools.pdfDiNapoli: Halfway Through the Year, Revenue Hole Persists
… fiscal year, state tax receipts are trailing last year by $2.8 billion, according to the September State Cash Report … process in early November will provide a clearer picture for policymakers as they prepare to address our budget … billions in state payments and public authority data. Visit the Reading Room for contract FOIL requests, bid …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-halfway-through-year-revenue-hole-persistsCity of Mount Vernon – Budget Review (B21-6-3)
… of real property. Revenues for real estate transfer taxes, mortgage taxes and Court fees are unsupported and could be … at a reasonable level. Monitor real estate transfer tax, mortgage tax, and Court fees revenues closely throughout the …
https://www.osc.ny.gov/local-government/audits/city/2021/04/16/city-mount-vernon-budget-review-b21-6-3IV.3.A Taxes – IV. Accounting Codes - Uses and Descriptions
… as prescribed in Tax Law §205. Business Taxes - Insurance 30221 Excess Line Broker Insurance Premium Tax Tax imposed on insurance premiums paid to an insurer not authorized to do …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv3a-taxesVillage of Delanson – Internal Controls Over Selected Financial Operations (2012M-232)
… of our audit was to examine disbursements and the real property tax and water rent billings and collections for the period … claims. Internal controls were not adequate to ensure real property taxes and water rents were properly accounted for. …
https://www.osc.ny.gov/local-government/audits/village/2013/03/29/village-delanson-internal-controls-over-selected-financial-operations-2012m-232Oversight of the Nourish New York Program (Follow-Up)
… (pandemic) in response to disrupted food supply chains and was intended to expand the State’s food supply network and markets for New York farm products while also providing … (i.e., regional food banks, food pantries, soup kitchens, and community-based organizations hereafter, collectively …
https://www.osc.ny.gov/state-agencies/audits/2025/07/14/oversight-nourish-new-york-program-followTax Exemption Administration - Town of Smithtown
To determine whether the Town Assessor properly administered select real property tax exemptions.
https://www.osc.ny.gov/files/local-government/audits/pdf/smithtown-town.pdfTax Exemption Administration - Town of Huntington
To determine whether the Town Assessor properly administered select real property tax exemptions.
https://www.osc.ny.gov/files/local-government/audits/pdf/huntington-town.pdf