A key factor in calculating the tax levy limit is the allowable levy growth factor, which is the lessor of 1.02 or (1+ the inflation factor), with a minimum of 1.0. According to the Bureau of Labor Statistics, CPI-U increased 2.9% before seasonal adjustment. The inflation factor, calculated by the Office of the State Comptroller, is 2.95% for 2024. For more information, please visit the U.S Bureau of Labor Statistics website and the Office of the State Comptroller website.
Allowable Levy Growth Factor for the 2025-26 Tax Levy Limit 2.0%
Jan 23, 2025 | State Aid Planning