Quoted from Yossi

WEll I believe he has the job until Dec. 31 Yes????

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 Special Districts (including, but not limited to sewer, water, library and fire protection districts). In the case of special districts the tax cap applies as follows:
 The tax levy of a special district (such as a water or sewer district) that (i) has a separate independent elected board, and (ii) has the authority to levy a tax, or can require a municipality to levy a tax on its behalf, is subject to the tax levy limit.
 The tax levy of a special district that (i) has a separate independent board appointed by the governing body of another local government, and (ii) has
1 The budgets for the school districts in the Big Four Cities are within the cities’ budgets, and those school districts have no separate taxing authority. The portion of the tax cap law applicable to local governments applies to the budgets of the Big Four Cities.
Publication 1000 (10/11)
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the authority to levy a tax, or can require a municipality to levy a tax on its behalf, is subject to the tax levy limit.
o To the extent the budget of a special district, such as a library district, is comprised of revenues generated by its own taxing authority, or by a tax levy of another local government that the local government is required to impose on behalf of that special district, those tax revenues fall within the tax levy limit of the special district. To the extent the budget of that special district is comprised of revenues generated by the taxing authority of another local government (such as a town or village), and that local government is not required to impose that tax levy on behalf of the special district, those tax revenues fall within the tax levy limit of the town or village.
 A tax levy that supports the operations of a special district that is established, administered and governed by the governing body of another local government— such as a tax levy imposed by a town or county board, under its authority, to support an improvement district created, administered and governed by that town or county board - is part of that town or county’s tax levy, and is to be applied to the tax levy limit of that town or county – it is not to be separately reported by the special district.
 A special district that raises revenue solely through fees based on use is not subject to the tax levy limit.
II. Quantity Change
The Quantity Change Factor adjusts the tax levy limit to reflect an increase in the full value of taxable real property in a local government due to physical or quantity change – i.e. new growth or significant additions to existing properties.
 The Commissioner of Taxation and Finance will issue a Quantity Change Factor for all local governments that have experienced an increase in the full value of taxable real property due to a physical or quantity change.
 Increases in full value due to changes in assessment only do not constitute a basis for a quantity change factor. A physical or quantity change does not result from the splitting or merging of parcels.
 Property returning to the tax rolls after the expiration of a PILOT does not constitute a

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 Fourth, beginning for fiscal year 2013, subtract the tax levy necessary to support expenditures for tort actions for any amount that exceeds 5 percent of the local government’s tax levy in the prior fiscal year. There is no subtraction for these expenditures in the calculation for the 2012 fiscal year.
 Fifth, multiply the result by the allowable levy growth factor, which will be provided by the Office of the State Comptroller.
 Sixth, subtract any PILOTs receivable in the coming year. The total amount of PILOTs receivable is to be included in the calculation of the tax levy limit. No adjustment is permitted.
 Seventh, beginning with fiscal year 2013 budgets, add any available carryover from the prior fiscal year. There is no available carryover for the 2012 fiscal year.
 Eighth, unused exclusions associated with growth in pension costs or tort judgments may not be carried forward.