NO TAX IMPACT LIE
NYS COMPTROLLER: uncovers massive tax fraud to create a “fiscal cliff” to justify closing our school for profit.
NYS Comptroller 2015 report: Overtaxation from 2010 - 2015 hid 10% of budget into 6 reserved accounts. The graph shows that actual tax expenditure in red, were flat. The tax increases were being diverted into “reserve accounts” above the statutory limit. The limit is 4% of budget, administrative excess was 14%.
The comptroller wrote of “$2.9 million, 10% above NYS Real Property Tax law”, “excessive taxation”, overtaxation.
The administration hid “excessive tax levy”, “excessively levied taxes” while declaring a “Fiscal Cliff” and “No Tax Impact” to close the Chatham Middle School. It was to manufacture a phony, fake, fictions fiscal cliff to kill the school, cease the savings for the union employees. This financial con is reflected in other NY chool audits.