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That's so crazy, I don't see how a typical senior couple could afford to retire in Nassau without burning through their savings. From what I understand the cops are way overpaid in Nassau and it drives up the cost of living for everyone
That's so crazy, I don't see how a typical senior couple could afford to retire in Nassau without burning through their savings. From what I understand the cops are way overpaid in Nassau and it drives up the cost of living for everyone
More like the school tax portion for the teacher salaries & benefits. Speed cams were put in place to make up for the cops, ironically in front of schools. And no doubt there are teachers complaining about them. Union members against union members haha. Oh wait, they're the ones with the last laugh, on us. Such a sad state of affairs.
Essentially, if you have kids and own (not Rent, as opposed to no mortgage) your home, the check will offset your school tax increase either in whole or part.
If you are a senior or childless the first check you get will be the property tax check. At least this is how it was explained to me by family members in all three categories that remain on L.I. According to them, you will get a check back so long as your school district did not exceed the 2% cap and that check will be for the amount of the school tax increase. I have not verified this but this is what they "understand". That said, when Pro's like Elke, don't know, I wonder if what the family "understands" is indeed accurate.
Essentially, if you have kids and own (not Rent, as opposed to no mortgage) your home, the check will offset your school tax increase either in whole or part.
If you are a senior or childless the first check you get will be the property tax check. At least this is how it was explained to me by family members in all three categories that remain on L.I. According to them, you will get a check back so long as your school district did not exceed the 2% cap and that check will be for the amount of the school tax increase. I have not verified this but this is what they "understand". That said, when Pro's like Elke, don't know, I wonder if what the family "understands" is indeed accurate.
First check you just need a kid 17 years or younger in 2012 and earn between 40K and 300K.
Second check have to own a home as a primary residence and make under 500K a year and district did not exceed 2% cap.
Didn't a lot of districts exceed the 2% cap in a roundabout way but perhaps not with a standard calculation? School administrators were pointing the finger at the town and vice versa. How strict is this requirement and is there a list somewhere with final tallies?
there are a lot of exemptions to the cap like pensions which are one of the biggest long term problems. with pensions based on these 6 figure salaries and people living longer we are going to have an issue keeping even the same level of services we have now. we could be paying a person for longer than their working career. i have no provlem with a pension system, but once you break six figures you should be able to save on your own like the rest of us. Beyond that, if you look at the number of towns floating bonds after the cap you can see they found a magic loophole to raise taxes. add debt which is exempt and move maintence off the normal budget.
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