The only proven route to long-term and lasting property-tax relief in New York is property-tax limitation - such as capping the annual growth in school-tax levies, Empire Center for Public Policy Director E.J. McMahon said in testimony today before state Assembly lawmakers.
If the Republican leaders of the newly reconstituted state Senate majority really intend to press for property tax relief before the end of session, they should start by reviving the school property tax cap. But they should ignore the latest version of the tax cap sent up to the Legislature by Governor David Paterson. The governor's new program bill includes a gigantic carve-out for teacher retirement costs, which over the next few years will be skyrocketing.