Municipal tax cap update
According to a new report from the state comptroller's office, more than 70 percent of local governments adopted budgets last year that stayed within the 2-percent property tax cap. The review of 798 municipalities found that 43 inappropriately exceeded the cap without the required override vote, but 10 made subsequent corrections that saved taxpayers from being improperly billed.
Click here to read the entire Government Affairs Weekly Report.