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Tax Cap Clarification: Impact of Recent Guidance

Learn about the impact of tax cap guidance issued in February 21, 2014, specifically regarding the capital levy exclusion in the tax cap calculation for 2014-15. Follow the clarification from the Budget Division and State Education Department to ensure accurate tax levy limits. Any modifications made to the capital levy exclusion may lead to incorrect calculations and scrutiny by the Comptroller's Office. Stay tuned for the official guidance from the State Education Department. Contact the Office of Educational Management Services for any questions.

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Tax Cap Clarification: Impact of Recent Guidance

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  1. Impact of Tax Cap Guidance Issued February 21, 2014

  2. Clarification Please be advised that the Division of the Budget and the State Education Department have recently made a clarification that relates to the prior year capital levy portion of your tax cap calculation. According to the clarification, the capital levy exclusion should not differ from the data you submitted in the prior year's filing for 2013-14. Our Office has pre-populated your 2014-15 tax levy limit calculation with the value that appears in the field "Capital Levy Exclusion for Prior School Year (2013-14)". You should not make any changes to that number, although the application currently allows you to do so. Should you choose not to comply with this advisory and edit that figure, your tax levy limit will be calculated incorrectly in the form and will be subject to a more detailed review by the State Comptroller's Office.

  3. Clarification If you have already submitted your 2014-2015 tax cap form and modified the field "Capital Levy Exclusion for Prior School Year (2013-14)," please resubmit your form accordingly. Although we have no additional information to share at this time, we expect that the official, updated guidance document will be released by the State Education Department in the coming weeks. In the interim, any questions on this matter should be directed to the New York State Education Department's Office of Educational Management Services. Sincerely, Yvonne Martinez Chief Examiner of Policy and Research Local Government and School Accountability

  4. Capital Levy Exclusion • A component of the Tax Cap calculation is the Capital Levy Exclusion, which adjusts the Tax Cap amount based upon the change in the Capital Levy from the current year (actual numbers) to what is expected in the following year (estimates). • A negative change will reduce the tax cap • A positive change will increase the tax cap

  5. Capital Levy Exclusion • When developing the 2013-14 Tax Cap (February 2013), the 2013-14 Capital Levy Exclusion figures are based upon estimates provided through the Governors budget proposal. • Based upon such, Pioneer reflected a $381,929 exclusion

  6. Capital Levy Exclusion • When developing the 2014-15 Tax Cap, actual 2013-14 Capital Levy Exclusion figures are now available based upon the State Aid Output issued in December 2013 upon estimates provided through the Governors budget proposal. • Based upon such, Pioneer reflected a $305,660 exclusion

  7. Questions/Discussion ???

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