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.