NY A05365

Changes the "allowable levy growth factor" for local governments and school districts from the lesser to the greater of 2% or the inflation factor, potentially allowing higher tax levy increases

Removes the floor provision that previously ensured the levy growth factor could not be less than one (0% growth)

Reduces the voting threshold for local governments to override the tax levy cap from 60% to more than 50% (simple majority) of the governing body's total voting power

Lowers the voter approval threshold for school district budgets exceeding the tax levy limit from 60% to more than 50% of votes cast

Applies the reduced approval threshold to separate expenditure propositions submitted to school district voters that would cause the tax levy limit to be exceeded