A broad, tight cap on local property taxes is a central element of Governor Andrew Cuomo’s agenda for making New York State more affordable and competitive. The governor’s tax cap has passed in the state Senate with strong bipartisan support. Its Read More
A bid to gut Cuomo’s tax cap The passage of a 2 percent cap on local property-tax growth in New York should have been the crowning achievement of Gov. Cuomo’s first legislative session -- complementing an austere budget to set a more fiscally responsible tone for the Empire State. Read More
Governor Andrew Cuomo has signed into law an omnibus bill ( of the Laws of 2011) including a cap on local property taxes in all jurisdictions outside New York City. The bill was passed on Friday, June 24, during the final hours of the legislati Read More
In the final hours of 2011 legislative session, as a favor to the powerful statewide teachers' union, the New York State Senate and Assembly passed a bill that would allow school districts to circumvent the state's new property tax cap by issuing bon Read More
New York State has a new law capping annual increases in local government and school district property taxes. Effective in local fiscal years starting on or after Jan. 1, 2012, the law limits the annual growth of property taxes levied by local governments and school districts to 2 percent or the rate of inflation, whichever is less. Read More
This week, school districts across New York State have been firming up their 2012-13 budget proposals -- the first to be affected by the state's new property tax cap. Read More
Most New York school districts are proposing to hold their per-pupil tax levies within the levels permitted by a new statewide property tax cap, and the average proposed per-pupil spending increase is at or below the projected inflation rate in six out of nine regions of the state, according to an analysis issued today by the Empire Center for Public Policy. Read More
With New Yorkers preparing to vote on school budget propositions next Tuesday, the Empire Center today released the latest data for its Internet-based tool -- BenchmarkingNY’s Property Taxes by Location -- allowing taxpayers to compute and compare total school district, municipal and county tax burdens in thousands of communities across the state. Read More