DiNapoli Report Shows 70 Percent of Localities Stayed Below Tax Cap
(ALBANY, N.Y.) -- A new report from State Comptroller Thomas DiNapoli found that 70 percent of jurisdictions in New York State had budgets that did not override the 2 percent tax cap.
The audit found that 22 percent of localities had voted to exceed the tax cap. Five percent of localities illegally exceeded the tax cap without a proper vote.
DiNapoli's office is planning on providing help to jurisdictions in avoiding tax cap-related budget mistakes.
Copyright 2012 ABC News Radio






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