New York's property tax cap became permanent as part of New York's fiscal 2020 state budget. The Empire Center has been a tireless champion of the policy, which has saved homeowners and businesses billions of dollars since its temporary enactment in 2011.Learn More
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School budgets sail under cap
Yesterday’s budget votes proved once again New York’s school districts aren’t having much difficulty staying under—or overriding—the property tax cap.
Essential Plan surplus hits $1.2B
The balance of unspent money in the Essential Plan Trust Fund ballooned to a new high of $1.2 billion as of March 31.