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School Tax Cap 0.12 Percent

Posted:
By Jason Weinstein.
Schools will have a property tax cap on near zero for the coming year. State Comptroller Tom Dinapoli announced that figure Wednesday.

This affects the tax cap calculations for 677 school districts as well as 10 cities, including Buffalo, Rochester, Syracuse and Yonkers. For 2016-17, DiNapoli estimates the state’s school districts will have about $308 million less in levy growth compared to what they had in 2015-16 when the cap was 1.62 percent.