New York S04029 amends the allowable levy growth factor and the percentage of votes needed to override the tax levy limit.
New York S04029 amends the allowable levy growth factor to be the greater of one and two one-hundredths or the sum of one plus the inflation factor. It also changes the percentage of votes needed to override the tax levy limit to sixty percent of the total voting power of the local government body. The changes apply to both school districts and local governments. The act takes effect immediately.
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