While I respect Mayor Bloomberg's vision for the City of New York, the Senate must take a broader view. We need a fair and responsible budget that provides property tax relief to overburdened New Yorkers across the whole state.
Property taxes have skyrocketed, forcing New Yorkers to pay almost twice the national average for local taxes. Westchester now has the highest property taxes in the nation, and on Long Island, property taxes have risen 320 percent in Nassau County and 550 percent in Suffolk County over the past 25 years. Eight of the top ten counties with the highest property taxes in the nation, as a percentage of home value, are now in Upstate New York.
Enough is enough. New Yorkers are being priced out of their homes, and the Senate Majority is committed to providing New Yorkers with meaningful relief. The costs of inaction are simply too high.