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Politics & Government

Question of the Day: Tax Levy Cap

The state's cap on tax levy increases limits what revenue can be raised for the school district's budget through taxes. Do you understand what it means for you?

Glen Cove's school board is working on its budget for the 2012-2013 school year, to be voted on in May. The state has a tax levy cap of two percent which provides a guideline that the district's school board must adhere to in the course of its considerations for next year's budget.

Do you know what the cap means for you as a taxpayer? 

Do you understand the difference between a tax levy increase and an increase in your tax bill?

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Are there any aspects you don't feel clear about?

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