continued The new state property tax cap will hold Guilderland to a maximum 2.5 percent increase to the tax levy without a supermajority of voters overriding the cap.
“I think what we need people to understand is what the impact of the property tax cap really is,” said Wiles. “I don’t want them to think we are being misleading when it isn’t the 2 percent they have been led to believe. With the formula, we have a number higher than 2 percent and we really are within the limit of the law.”
The district must make its official list of recommendations to close the budget gap by March 1. There will then be several meetings to modify to proposal before the budget is voted on by the public in May.
To see the full presentation for the meeting, visit the district’s website.