09/09/2026
How does Croton-on-Hudson stay under the property tax cap while overrides rise statewide?Through the creation of new revenue sources like our solar carports, smart-growth development that steadily expands our local tax base, and carefully managing spending.
"Local governments, school and fire districts across New York and Long Island are increasingly looking to raise property taxes above the state’s 2% cap as fiscal pressures and costs continue to rise. Statewide, 45% of cities, 35.5% of villages, and 28.6% of towns said they planned to override their tax cap for fiscal 2026, according to a report by state Comptroller Thomas DiNapoli. Additionally, nearly one-fourth of New York’s counties, 31.5% of fire districts and 4.9% of schools indicated they planned to do so as well, according to the report released Aug. 20. On Long Island, a total of 75 cities, towns, villages and fire and school districts said they planned to override their tax levy cap in fiscal 2026, a 13.6% increase from 66 in fiscal 2022, according to data from the comptroller’s office. The number has soared in recent years with local government leaders citing the high rate of inflation and rising costs such as for healthcare, pensions and utility and oil prices. At the same time, sales tax growth has been moderate and pandemic-related federal aid has dwindled, according to the comptroller’s office."
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