Why We Need a Tax Cap

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A broad, tight cap on local property taxes is a central element of Governor Andrew Cuomo’s agenda for making New York State more affordable and competitive. The governor’s tax cap has passed in the state Senate with strong bipartisan support. Its fate will ultimately be decided in the state Assembly.
For more on the proposal, see the Empire Center’s Special Report, “The Case for a Cap.”
On May 24, Assembly Speaker Sheldon Silver unveiled a compromise tax cap bill that preserves key elements of the governor’s original proposal.  For a more detailed analysis of that compromise, see this blog post at NYTorch.com.