NY's real tax cap is 3 percent, maybe more
Photo credit: Newsday/Audrey C. Tiernan | New York State Comptroller Thomas P. DiNapoli in the Newsday offices. (March 14, 2012)
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Though Gov. Andrew Cuomo and state legislators touted the tax cap as a 2 percent limit, school districts across the state are allowed to raise more under the law.
On average tax levies can rise 3 percent statewide, according to data released by the state comptroller's office Monday.
Further, exemptions in the law mean seven Hudson Valley districts could choose to raise levies more than...
