Governor Pushes Permanent Tax Cap

In an Op-Ed published in Newsday this week, the Governor laid out his argument for making the 2% property tax cap permanent. The Governor points the Trump administration’s cap on state and local tax deductions as major issue for taxpayers, making the property tax cap permanent now a necessity, even pledging to not sign a budget that does not include one.

Cuomo said:

“In 2011, after years of trying to rein in out-of-control property taxes — Govs. George Pataki, Eliot Spitzer and David A. Paterson all tried — we passed the first local property tax cap. The 2 percent property tax cap changed long-term trends, and saved New Yorkers nearly $25 billion. On Long Island, it has saved taxpayers $8.7 billion, with the typical Nassau taxpayer saving $7,611 and the typical Suffolk taxpayer saving $6,284. By every measure the tax cap has been a success, but that success is not guaranteed if it does not remain in place. That’s why in this year’s budget I call on the State Legislature to make the 2 percent property tax cap permanent. I will not sign a budget that does not include a permanent tax cap.”