Senate Democrats today unanimously voted down a Republican-sponsored amendment that would have enacted a property tax cap, prevented school districts from raising local tax levies this year, and provided middle-class taxpayers across the State with relief from soaring property taxes.
Senator Bill Larkin (R-C, Cornwall-on-Hudson), along with his Senate Republican colleagues, today unanimously supported legislation to enact a property tax cap, leading the way for its passage despite a lack of support from a quarter of the members of the Senate Democratic Conference.
"Taxpayers across the state have been crying out for real property tax relief," said Senator Larkin. "This property tax cap is a first step towards helping homeowners, particularly senior citizens, stay in their homes. I urge the Assembly to pass this legislation immediately and ease the burden on struggling homeowners throughout New York."
The New York State Senate today passed historic property tax relief legislation that enacts a cap on the growth of local property taxes.
The bill (S.5856), sponsored by Senate Majority Leader Dean G. Skelos, will cap school and local government taxes to less than two percent or the Consumer Price Index (CPI), whichever is lower. Mandate relief is also included, with $127 million in savings to local governments, in addition to the creation of a Mandate Relief Council to identify and repeal unsound, unduly burdensome laws and regulations.