Cohoes City School District

Budget & Finance

Cohoes City School District 2015-16 school budget at a glance...

Total Budget: $40,290,105
Spending Increase: 1.84%
Tax Levy Increase: 1.00% (below “cap”)


Property Tax Freeze Credit

New York’s Property Tax Freeze Credit was signed into law in April 2014 as part of the 2014-15 New York state budget. The measure is designed as a short-term tax relief program that reimburses qualifying New York homeowners (outside of New York City) for increases in local property taxes on their primary residences.

In 2014-15, Cohoes residents qualified for the credit.

For more information on the Property Tax Freeze Credit fact sheet [PDF]


Understanding New York's Tax Levy Cap

When Cohoes voters head to the polls to vote on the school budget each year, they cast votes for a budget plan shaped in part by a law known to many as the Property Tax Cap. Approved by the State Legislature in 2011, this complex law is intended to provide much needed property tax relief.

The law does not create a cap, but a threshold that determines the level of voter support needed to pass the budget every year. That threshold is different for every school district in the state.  

Tax cap fact sheet [pdf] - Three Levy Numbers

Tax Levy Limit Formula - How does it work? [PDF]


Tax rate v. tax levy

The tax levy is the total amount of money the school district raises in property taxes. Actual tax rates are dependent on several factors including assessment practices and equalization rates.

Tax rates are not set until July — after the state certifies assessment rolls for the properties in the city of Cohoes. Tax bills are sent out in September after this process has concluded. The school district has no control over assessment practices — and does not collect more in taxes than the amount it levies.

the STAR Tax Relief program Fact Sheet [PDF]

Public Employee Pensions in New York State [PDF]

The Gap Elimination Adjustment [PDF]

Mandates and Mandate Relief [PDF]

Today's contingent budgets [PDF]


Information on tax collection>>


Business Office

Stacy Mackey, School Business Official
7 Bevan Street, Cohoes NY 12047
(518) 237-0100