What are they and what do they represent?
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Regional
Publications Capital Region BOCES, in partnership with Questar III BOCES, has released publications explaining the three tax levy numbers and the formula used to calculate the tax levy limit. Three Tax Levy Numbers Publication Tax Levy Limit Formula Publication 
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During the school budget development process, taxpayers will hear three sets of numbers: the tax levy limit, the maximum allowable levy, and the proposed tax levy.
The tax levy limit is the number calculated by a state-dictated formula that takes into account inflation (2 percent or the current Consumer Price Index, whichever is less), any PILOT payments (payments in lieu of taxes) a district receives, and prior year exemptions.
The maximum allowable levy is the tax levy limit plus the state-approved exemptions for the coming school year under the law, such as capital local expenditures, certain pension payments, and certain court orders/judgments.
The proposed tax levy is the amount of money the school needs to raise in taxes to fund its proposed budget. Schools get funding from two major sources: state aid and property taxes. On the third Tuesday of May each year, residents vote on the proposed school district budget in their communities — meaning, voters decide on the overall district spending plan, not on the specific tax levy figure.
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