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Newsday newsday.com 15 Jan, 2022 13:30 am

Don't pop the property tax cap

Don't pop the property tax cap
In the decade since its passage, the resiliency of New York’s property tax cap hasn’t been seriously tested. That’s likely about to change. But the tax cap itself, and the caution with which elected o

i pShare Tweet Email In the decade since its passage, the resiliency of New York’s property tax cap hasn’t been seriously tested.But the tax cap itself, and the caution with which elected officials have approached busting its limits, must not change.Cuomo, using the tax cap as a cornerstone for his common-sense moderate image.From 1982 through 2011: Even so, the tax cap battle was bloody.

So even as voters of both parties outside New York City made this a must, the tax cap, which generally can be exceeded only with a 60% vote, was passed only as a temporary measure.That, along with past consistent state aid hikes from Cuomo, makes the tax cap a tax swap, or it should.

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