State Senate Republicans today issued a "Blueprint for a Stronger New York" that combines a few solid big-picture tax reduction priorities with more of the wasteful "tax relief" gimmickry that's become a standard feature of the Senate GOP tax policy agenda in recent years.
Governor Andrew Cuomo is ending the year on a strong pro-taxpayer note, vetoing union-backed legislation that would have blocked the Nassau County Interim Finance Authority from imposing pay freezes to balance the county budget.
The tax cap effect was on full display in yesterday’s school budget voting.
School budgets were approved at a record-high rate of 99.3 percent, adding to evidence that districts can live within a property tax cap set at either 2 percent or the prior year’s average rate of inflation, whichever is less.
Nearly half of the 669 school districts seeking voter approval for budgets on Tuesday, May 16 are presenting spending plans that call for increasing property taxes as high as the 2011 property tax cap law allows, according to an analysis released today by the Empire Center for Public Policy.
A mandated state takeover of local Medicaid costs, added to the House GOP health bill by U.S. Reps. Chris Collins and John Faso, promises relief for property taxpayers across New York. However, some counties stand to save more than others.
EJ McMahon with the fiscally conservative Empire Center, who also testified, said the real issue is that the STAR rebate checks are poorly conceived.
“That’s a really bad example of tax policy,” said McMahon, who praised lawmakers for agreeing to an actual tax cut for middle-class income earners.
The Empire Center has updated its June report that ranked 2014 property taxes with 2015 data recently released by the state comptroller's office.
While a report benchmarking property taxes across the state recently released by the nonpartisan Albany think tank the Empire Center showed that the Mohawk Valley finished in the middle of the pack as a region with a median tax rate per $1,000 of assessed value of $31.75, the rates among individual municipalities differ greatly.