The purpose of this release is to provide accounting and reporting guidance for gifts and donations restricted to use for D.A.R.E. Programs.

The purpose of this bulletin is to alert you to legislative changes requested by the State Comptroller that apply to budgets for fiscal years commencing on or after January 1, 2001 and to provide information that will help determine a reasonable level of fund balance for your government.

Chapter 97 of the Laws of 2011 established a property tax levy limit (generally referred to as the tax cap) that restricts the amount of property taxes local governments (including counties, cities, towns, villages, fire districts, and special districts) and school districts can levy. Under this legislation, the property tax levy for affected local governments and school districts cannot increase more than 2 percent, or the rate of inflation, whichever is lower, with some exceptions.