Tag: Property Tax Cap

Well, wouldn’t you know it. The biggest winners in Gov. Andrew Cuomo’s tax-freeze program are homeowners in Scarsdale, the Lower Hudson Valley’s richest municipality, who received the highest average checks statewide in the first year of the property-tax rebate program. Read More

One of the best things about New York's newly adopted state budget for fiscal 2016 is something that's not in it (yet): a costly new state subsidy of homeowners' local property taxes. Governor Cuomo's Executive Budget proposal included an income tax credit (of the type also known as a "circuit breaker") that, when fully implemented by 2019, would funnel $1.7 billion a year to about half of the state's homeowners, plus renters. Read More

New York's local property tax cap would be made permanent under the Senate Republican version of a new state budget. From the taxpayers' perspective, it's very encouraging to see the Senate make a high-profile move to line up on this issue beside Gov. Cuomo, who already has promised to seek the cap's permanent enactment. Read More

"It's not surprising that they are looking to gut the cap," said E.J. McMahon, executive director of the fiscally conservative Empire Center for Public Policy in Albany. "It's having a real effect on their spending patterns, and they don't like it." Read More

In a resounding win for Governor Andrew Cuomo and for property owners across New York, a state Supreme Court justice in Albany has dismissed a teachers' union lawsuit that sought to invalidate New York State's property tax cap on constitutional grounds. Read More