New York bill A05926 amends the education law to set the tax levy limit at zero percent if the prior year's tax levy exceeds the limit.

New York bill A05926 amends the education law to modify the tax levy limit for school districts. Specifically, it sets the tax levy limit to zero percent increase over the prior year if the difference between the total amount of taxes levied for the prior year and the tax levy limit results in a negative number. This means that if a school district's tax levy for the previous year exceeds the tax levy limit, the limit for the current year will not allow for any increase.

New York bill A05926 amends the education law to set the tax levy limit at zero percent if the prior year's tax levy exceeds the limit.

New York bill A05926 amends the education law to modify the tax levy limit for school districts. Specifically, it sets the tax levy limit to zero percent increase over the prior year if the difference between the total amount of taxes levied for the prior year and the tax levy limit results in a negative number. This means that if a school district's tax levy for the previous year exceeds the tax levy limit, the limit for the current year will not allow for any increase.