News & Press: Breaking News

ECB Sends Memo to Governor in Support of Tax Cap Changes

Wednesday, September 20, 2017  

NYSASBO and other members of the Educational Conference Board (ECB) sent a joint memo to Governor Cuomo urging him to sign two bills impacting the Property Tax Cap.

A.5965 (Galef) / S.4283 (Murphy) would allow school districts to exclude shared capital expenses incurred by Boards of Cooperative Educational Services (BOCES) the same way they treat other local capital expenses.

A.1841-A (Morelle) / S.2122-A (O’Mara) would allow school districts to include additions to their tax base which generate payments in lieu of taxes (PILOTs) in their “quantity change factor.” Doing so removes the disincentive for communities to utilize PILOTs as an economic development tool.