Presentation outlines how tax levy cap law’s complexities will fundamentally change the way school districts deliver programs.
New York state’s property tax levy cap law will ensure the poorest school districts never leave what Statewide School Finance Consortium Executive Director Dr. Rick Timbs refers to as the “red box.”
What is the red box?
There’s a scattering of dots, representing school districts, on a graph Timbs often uses in his presentations on school funding inequity in the state. The graph compares the districts’ combined wealth ratios (property value + income) on the X-axis of the graph, with the aid cuts they sustained during the “gap elimination adjustments” of the 2010-11 school year on the Y-axis. Continue reading