Libous calls on legislature to “keep the cap”
ALBANY – State Senator Tom Libous (R-52nd District) is praising his collogues in the senate for their push to make the property tax cap a permanent thing in New York State.
In a 47-13 vote, the senate voted last week to keep the 2 percent property tax cap. The proposal needs to go to vote in the assembly before the end of the 2015 session in order to become a permanent requirement for school districts and municipalities throughout the state.
“I wasn’t in Albany due to my recovery from back surgery, but I would’ve enthusiastically provided the 48th vote to keep the cap,” Libous said.
According to reports from the Business Council Public Policy Institute, the tax cap initiative may have saved taxpayers as much as $7.6 billion since being implemented three years ago.
Libous, who voted for the tax cap in 2011, said extending it has been among his top priorities this year. A recent survey administered by the senator found that nearly 77 percent of voters in New York’s 52nd District approve of the directive, despite the challenges it has presented for many municipalities and schools.
“I know some school districts still struggle with the cap,” Libous stated. “That’s why I supported a $1.4 billion school aid increase in this year’s budget.”
The cap has drawn criticism from some groups, including the New York State School Boards Association; and from teachers unions that argue it’s put too much strain on school budgets and created academic discrepancies among students of different school districts.
The New York Conference of Mayors (NYCOM) is also leery of the proposition to make the cap permanent. NYCOM takes a position that any continuation of the property tax cap should be temporary, include mandate relief, and provide an exclusion from the cap for local expenditures on municipal infrastructure.
If not extended, the 2 percent property tax cap is set to expire next year.
In a 47-13 vote, the senate voted last week to keep the 2 percent property tax cap. The proposal needs to go to vote in the assembly before the end of the 2015 session in order to become a permanent requirement for school districts and municipalities throughout the state.
“I wasn’t in Albany due to my recovery from back surgery, but I would’ve enthusiastically provided the 48th vote to keep the cap,” Libous said.
According to reports from the Business Council Public Policy Institute, the tax cap initiative may have saved taxpayers as much as $7.6 billion since being implemented three years ago.
Libous, who voted for the tax cap in 2011, said extending it has been among his top priorities this year. A recent survey administered by the senator found that nearly 77 percent of voters in New York’s 52nd District approve of the directive, despite the challenges it has presented for many municipalities and schools.
“I know some school districts still struggle with the cap,” Libous stated. “That’s why I supported a $1.4 billion school aid increase in this year’s budget.”
The cap has drawn criticism from some groups, including the New York State School Boards Association; and from teachers unions that argue it’s put too much strain on school budgets and created academic discrepancies among students of different school districts.
The New York Conference of Mayors (NYCOM) is also leery of the proposition to make the cap permanent. NYCOM takes a position that any continuation of the property tax cap should be temporary, include mandate relief, and provide an exclusion from the cap for local expenditures on municipal infrastructure.
If not extended, the 2 percent property tax cap is set to expire next year.
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