News

Counties in the News June 28, 2016

Tuesday's news from counties across the state. 
2017 Tax Cap Inflation Factor for Counties Likely to be Lowest Yet
Late last week, the CPI data for the month of May was released, which means we now have data for 11 of the 12 months necessary to calculate the 2017 tax cap inflation factor.  Over the last few months energy prices have slowly increased, the labor market is starting to see wage growth pressure and housing costs are increasing – all of these are contributing to a higher inflation trend.  With the data through May, and assuming the inflation rate for June stays within a 0% – 3% annualized range, NYSAC projects that the likely 2017 county property tax cap inflation factor should be in the .60 to .67 percent range.  If the June data is similar to the past few months the inflation factor for 2017 should fall at the higher end of this range.  The estimate for 2017 is slightly lower than the .73 percent inflation factor for last year. 
 
The inflation factor for the property tax cap for the last several years is below:
 
2017 = .60  to .67 percent (estimate)
2016 = .73 percent
2015 = 1.56 percent
2014 = 1.66 percent
2013 = 2 percent
2012 = 2 percent
 
NYSAC
Cayuga County Plan Minimizes Potential Negative Impacts of Manure on Water Quality
 
STATEWIDE
Governor Cuomo Announces Bassmaster Elite Series to Return to New York State in 2017
 
HUDSON VALLEY
Orange County Officials Tour Medical Marijuana Operation (Video)
 
Neuhaus hands out bed tax funds to promote local tourism
 
Money to celebrate with
 
CAPITAL
Shrinking Albany County government a conversation — again
 
What you'll see if Times Union Center gets new main entrance
 
'Code Blue' homeless shelter seeks second winter in Queensbury
 
NORTH COUNTRY
Watertown Aiport Projects Take Off with More On Horizon (Video)
 
SOUTHERN TIER
Upcoming book puts spotlight on Delaware County history
 
CENTRAL NEW YORK
Sheriff's Office receives Homeland Security Grant
 
Oswego County offices begin summer hours July 1
 
FINGER LAKES
Genesee pursuing housing needs study
 
Livingston County Development Tries Propagating Breweries
 
GCC Career Services honored by SUNY with Career Development Awards
 
WESTERN NEW YORK
TRIP: NY Among Worst Roads in Country
 
Niagara County expanding drug disposal program
 
Niagara County: Services committee hails opening of lunch sites

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