#TaxCapReform

Three Village board leans toward $3 million in capital spending; tax-cap estimate would rise to about 4.54% At its Feb. 25 meeting the Three Village Central School District Board of Education discussed next year’s tax-cap calculation and gave nonbinding direction to use $3,000,000 as a working capital figure for the comptroller filing; officials said that amount would raise the district’s tax-cap estimate to roughly 4.54% under current assumptions.

The Three Village Central School District Board is considering a $3 million capital budget that could raise the tax-cap estimate to 4.54%—but what does this mean for local taxpayers?

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#NY #CitizenPortal #CommunityInvestment #NewYorkSchools #TaxCapReform #EducationFunding

Tompkins County adopts 2025 budget after debates over tax cap and fund balance After hours of amendments and roll-call votes, the Tompkins County Legislature approved the 2025 budget and five-year capital program, accepting an amended levy calculation tied to a corrected tax-cap figure and several targeted contingency adjustments.

After intense debates and last-minute corrections, Tompkins County finally adopts its 2025 budget, but what does this mean for taxpayers?

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#TompkinsCounty #NY #CommunityBudgeting #CitizenPortal #TaxCapReform #FiscalResponsibility