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Cohoes City School District

Budget & Finance

Cohoes City School District 2014-15 school budget at a glance...

Total Budget: $39,563,149
Spending DECREASE: 0.04%
Tax Levy Increase: 0.69% (at “cap”)
Reserves used: $1,450,000

 

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 qualify for the tax freeze credit, and should receive a rebate check from the state before November 4, 2014.

For more information on the Property Tax Freeze Credit, view the fact sheet>>

 

2014-15 Budget development information

Learn more about the tax levy cap>>

2014-15 budget development information>>

NY State Office of the Comptroller report: Revenue Challenges Facing Public School Districts>>

 

 


The three tax levy numbers

Understanding New York's Tax Levy Cap

When Cohoes voters head to the polls on May 20 to decide the 2014-15 school budget, they will 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. Learn more>>

 

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.

Information on the STAR Tax Relief program>>

Information on tax collection>>

 

Business Office

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