INFORMATION FROM ALBANY AFFECTING TUFSD

• Open Letter to School Board Presidents and District Superintendents

• A report released by State Comptroller DiNapoli found that increases in foreclosures and mortgage delinquencies continue to grip certain regions of the State. As a result, property taxes, the primary source of tax revenue for local governments, could become the next casualty of the housing crisis. The report notes that mortgage recording and sales taxes are already decreasing. The report also notes that property tax revenues could fall by up to $1.3 billion if statewide property values decline to the same extent as during the early 1990s recession, potentially forcing local governments to sharply raise tax rates simply to raise the same amount of revenue.  Please click on the link below to access the report (Adobe Acrobat Reader required): http://www.osc.state.ny.us /localgov/pubs/research/subprime08.pdf

• http://www.openbooknewyork.com/
Where are your tax dollars going?  Open Book New York is part of State Comptroller Thomas P. DiNapoli’s effort to promote more openness in government and give taxpayers better access to the financial workings of government.

• http://www.osc.state.ny.us/localgov/datanstat/index.htm
Local government and school accountability financial data from Comptroller DiNapoli's website.

• Local Government Snapshot: Fiscal Impact of Proposed School Aid Cuts [Released 03/17/11] complete report  |  district by district