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New York News
Tue May 21, 2013
NY Residents Voting On School Budgets
New York residents are voting on their school districts' proposed budgets for next year.
Authorities say the average proposed tax levy increase is 2.8 percent, with school spending rising about the same amount, driven by increases in contributions to employee retirement systems.
This is the second year school districts are working under New York's tax cap law, which generally limits tax levy increases to 2 percent or the rate of inflation, whichever is less. Budget proposals that exceed the cap need a 60 percent supermajority of votes to pass.
The New York State School Boards Association says about 96 percent of districts are staying within the cap, with most of them drawing on reserve funds to be able to do that without further cuts in programs and services.
Voting times today vary by school district.
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