New Tax Cap Training for Local Officials – Easier Forms

State Comptroller Thomas P. DiNapoli announces an easier version of the the 2012-13 tax cap reporting forms for local officials.. It’s about their ability to report the tax levy limit..

The changes are a result of analysis of reporting errors from the first year of implementation,

And in response, the Division of Local Government and School Accountability developed an improved online property tax cap reporting system to address the most problematic areas encountered by local officials.

DiNapoli says “his office continues to work with localities to assist them in meeting their filing obligations under the law,” and he says “By reducing reporting errors, municipalities can assure they are not confined to stricter fiscal constraints than necessary and that their residents are not improperly taxed.”

New for the upcoming fiscal year, certain elements of the reporting form will be pre-populated, including the tax base growth factor, the allowable levy growth factor, and the 2012 PILOTs receivable reported by the local government last year.

The new online reporting forms will be utilized by local governments with fiscal years that coincide with the calendar year. Each eligible local government will have the ability to automatically calculate their exclusion for certain pension contribution costs within the form.

DiNapoli also announced expanded training opportunities for municipal leaders. These include:

Webinars for local government officials and governing boards on Sept. 27 and Oct. 11. Both events will be held from 2-4 p.m. http://www.osc.state.ny.us/localgov/training/webinar.htm

Two training sessions at the 2012 FallTraining Schoolfor City and Village Officials, co-sponsored by the State Comptroller’s Office and the New York Conference of Mayors. The event will take place Sept. 10-14 in Lake Placid. More information is available at: http://events.nycom.org/fall-training-school/about-fts

Last year,New Yorkestablished a cap on the amount a local government or school district could increase its property tax levy each year. Under the law, the growth in the property tax levy (the total amount to be raised through property taxes charged on the municipality’s taxable assessed value of property) will be capped at 2 percent or the rate of inflation, whichever is less, with some exceptions. Local communities have the ability to override the cap.

State law requires local governments to file their tax cap calculation for review by the State Comptroller’s office prior to the adoption of their annual budgets.

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