Protecting the Tax Cap

New Yorkers are saving billions of dollars a year under the 2011 state law capping annual growth in local property tax levies at 2 percent or the rate of inflation, whichever is less. But the long-term fate of the tax cap is hanging in the balance this year, because the tax cap is attached to a "temporary" but decades-old state law regulating rents in New York City, due to expire June 15.

It's high time the tax cap was enshrined in a permanent, stand-alone law.

Learn More

Spend-O-Meter

Viewing this on a mobile phone? The spend-o-meter is best viewed in landscape mode

NYTorch Blog

View All

Where NY’s school money goes

Does New York’s education funding system direct more money to wealthier, whiter schools than to poorer, less white schools? Let's look at the data.

Senate moves massive mandate

A bill locking in massively unfunded liabilities for state and local government retiree healthcare was reported out of a Senate committee this week.

Medicaid déjà vu

Health-care interests are again using an unlikely threat of spending cuts in Washington to demand special treatment in the upcoming state budget.