Senator Patrick M. Gallivan (R,C,I – Elma) reminded Western New York homeowners today that new registration requirements for the Basic STAR exemption for school property taxes have gone into effect and all homeowners seeking the Basic STAR Property Tax Exemption in 2014 must register for the property tax break with the New York State Department of Taxation and Finance.
Senator Patrick M. Gallivan (R-C-I, Elma) has introduced legislation that would abolish the Gap Elimination Adjustment imposed on public schools in New York in 2010. The bill (S.2743) would eliminate the GEA starting in 2015-16 and provide school districts the full amount of education aid based on existing budget funding formulas.
Senator Patrick M. Gallivan (R-C-I, Elma) says the $142-billion 2015-16 state budget provides critical funding to important state programs while controlling the size and cost of government. The state’s fifth consecutive on-time budget keeps spending within a two-percent cap, increases aid to education, rejects tax increases and provides property tax relief for homeowners. The spending plan also includes funding for regional assets such as Roswell Park Cancer Institute, the NFTA and Shea’s Performing Arts Center.