The Tax Cap Coalition – led by the Long Island Association, Greater Rochester Chamber of Commerce, The Business Council of New York State and The Business Council of Westchester – launched a robust digital advertising campaign aimed at urging legislators to support Governor Cuomo’s property tax plan.
In a joint statement from the leaders of the coalition, they highlight the savings to New York’s taxpayers and businesses the tax cap has generated since 2012 and urged state legislators to support the Governor’s initiative.
“Governor Andrew Cuomo’s property tax cap has saved New Yorkers $25 billion since 2012. Now is the time to make it permanent. According to a recent Siena poll, a broad majority of New York voters support the Governor’s vision for a permanent cap, but we need action now. We urge state legislators to support the permanent property tax cap in order to keep New York economically competitive and affordable,” said leaders of the property tax cap coalition.
In 2011, New York enacted a tax cap which limited the growth of school and local property taxes to 2 percent or the rate of inflation, whichever is less. The cap was renewed in 2015 and expires in 2020 but is legally tied to New York City rent-control laws, which end in June. Thus, action must be taken this session.
Leaders of the coalition, include:
- Kevin Law, President and CEO of the Long Island Association
- Bob Duffy, President and CEO of the Greater Rochester Chamber of Commerce
- Heather Briccetti, President and CEO of the Business Council of New York State
- Marsha Gordon, President & CEO of The Business Council of Westchester