By: Bob Clark
Municipalities have been relying more and more on property tax cap overrides, the state’s fiscal watchdog reported. State Comptroller Tom DiNapoli’s office reported that higher costs are just one factor that has led to local governments overriding the state’s property tax cap at higher rates than in the past. “Many local governments are under fiscal pressure, with rising costs and slower growth in recurring revenues,” DiNapoli said. “For local officials...