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ClearGov Labs - NY Tax Cap Calculator

This article is intended for: New York school district leaders and financial staff who calculate or forecast their annual tax levy

Use this article for: Information about the ClearGov Labs New York Tax Cap Calculator Tool

Note: You can click on any image below to zoom in.

What is the New York Tax Cap Calculator?

The ClearGov Labs New York Tax Cap Calculator enables NY school districts to accurately calculate and forecast their maximum allowable tax levy. This tool supports multiple forecast scenarios, provides clear comparisons, and helps districts identify any unused taxing authority.

 

Create a NY Tax Cap Forecast

  1. Navigate below Tools in the left-hand sidebar and select ClearGov Labs. 
  2. Select NY Schools Tax Cap Calculator option
  3. Select the + Add New Forecast button

Note: If you do not see the ClearGov Labs, please contact Support or your Client Success Manager so ClearGov can enable this feature.

You will be prompted to enter the Forecast Name and key details, including an optional description, the starting year, and the number of years to forecast for this scenario. When that information has been entered, select the Create button to open the Forecast Calculator. 

 

The Forecast Calculator

In the Forecast Calculator, enter the necessary information for each component of your tax levy calculation. 

Pro Tip: For guidance on what to enter in a specific row, hover over the information icon next to that component to view detailed explanations.

  1. Enter the Prior Year Tax Levy. This value serves as the starting point for all calculations in the spreadsheet.
  2. Provide additional adjustment values, such as the Tax Base Growth Factor. As you enter each figure, the tool recalculates the results and updates the outputs in real time.
  3. Enter values for each row as needed. All rows accept a single entry, except for Coming Year Exclusions, which require additional details related to exclusions and aid reduction. Selecting the value in that cell will open the Coming Year Exclusions Calculator.
  4. Enter the Board Approved Levy if applicable. 

Note: The forecasting calculator will display how much of the Maximum Allowable Levy is left on the table each year and how that unused taxing authority compounds over the duration of the forecast.

  1. Select the Save Forecast button to save your scenario and return to the Forecasting Dashboard.

     

Forecasting Dashboard

Upon saving the Forecast Calculator, you will enter the Forecasting Dashboard where line graphs display your Maximum Allowable Levy over time and the Year-over-Year Change. Below the graphs, you will find a table summarizing all saved forecasts. 

Note: You may create as many forecasts as needed to model different scenarios.

 

  1. Trend charts display the Maximum Allowable Levy over time and the Year-over-Year change. 
  2. The Forecast Table summarizes the levy amount and the percent change for each included year
  3. Available Actions for each Forecast 
    1. Select the pencil icon to edit the forecast and return to the Forecast Calculator. 
    2. Use the share icon to set privacy permissions and control who can view or edit the forecast. 
    3. Select the delete icon to remove the forecast from the table. 

You are now ready to start modeling scenarios and make informed tax levy decisions with the ClearGov Labs New York Tax Cap Calculator! 

 

Additional Resources



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