HomeMy WebLinkAboutTax Cap/Tax Cap Compliance Tax Cap Printable Summary https://portal.ose.state.ny.us/taxeap/?wicket:interface=:7::::
Tax Cap/Tax Cap Compliance
Municipality: Town of Southold(470379000000)
Fiscal Year Ending: 12/31/2017
Status: Submitted
Tax Levy Limit Before Adjustments and Exclusions
Tax Levy FYE 2016 $33,395,331i'
Tax Cap Reserve Plus Interest from FYE 2015 Used to Reduce 2016 $0....
Total Tax Cap Reserve Amount(including interest earned)from FYE 2016 $Oi',
Tax Base Growth Factor 1.0069
PILOTS Receivable FYE 12/31/2016 $10,160'
Tort Exclusion Amount Claimed in FYE 12/31/2016 $0'',
Allowable Levy Growth Factor 1.0068
PILOTS Receivable FYE 12/31/2017 $11,900'
Available Carryover from FYE 12/31/2016 $509,849i
Total Levy Limit Before Adjustments/Exclusions $34,362,592i
Adjustments for Transfer of Local Government Functions
Costs Incurred from Transfer of Local Government Functions $0''..
Savings Realized from Transfer of Local Government Functions $0'..
Total Adjustments s0'
Tax Levy Limit,Adjusted for Transfer of Local Government Functions $34,362,592i'
Exclusions
Tax Levy Necessary for Expenditures Resulting from Tort Orders/Judgements Over 5% $0'.
Teachers Retirement System $0'..
Employees Retirement System $Oi',
Police and FireFighters Retirement System $0'..
Total Exclusions s0''..
Tax Levy Limit,Adjusted for Transfers,Plus Exclusions $34,362,592i'
Total Tax Cap Reserve Amount Used to Reduce 2017 Levy $Oi'
2017 Proposed Levy,Net of Reserve $37,086,488
Difference between Tax Levy Limit Plus Exclusions and Proposed Levy ($2,723,896)
Do you plan to override the cap in 2017? Yes No
History
Date and Time Status Changed To User Email
11/10/2016 1:42:10 PM
Submitted John Cushman(ComptrollerJC) john.cushman�town.southold.ny.us
11/17/2015 1:08:57 PM
Unsubmitted John Cushman(ComptrollerJC) john.cushman�town.southold.ny.us
1 of 1 11/10/2016 1:43 PM