The 2023 calendar year CPI used in the tax cap calculation for 2024-25 was established January 11th. See OSC’s website: inflation-and-allowable-levy-growth-factors.pdf (ny.gov). The allowable levy growth factor in the tax cap calculation uses the lower of CPI or 2%, thus districts should use 2% for the allowable levy growth factor for the 2024-25 tax cap.
In addition, this higher CPI amount will increase the Selected Foundation Aid Aid/pupil amount for 2024-25 that was previously included in the November 2023 database.
