Skip to Content
Author: The BCW

Leave a Comment

Permanent 2% Tax Cap Adopted in State Budget with Help from BCW

The Business Council of Westchester, which has been a vocal advocate for a permanent 2 percent cap on property taxes, achieved a major victory with the passage of the New York State Budget.

The budget adopted early Monday made permanent a 2 percent cap on local property taxes, which has saved New Yorkers $25 billion since its adoption. 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. It was set to expire in 2020 but because it was legally tied to New York City rent-control laws, which end in June, action had to be taken this year.

“We are very gratified that the 2 percent tax cap has been made permanent,’’ said Marsha Gordon, President and CEO of the Business Council of Westchester. “We have spent many months working in support of the Governor on this measure. Keeping property taxes in check is vital to economic development and to the growth and health of our communities.’’

The BCW met with legislators in Albany to push for the tax cap, and as a member of the Tax Cap Coalition launched a digital campaign to support Governor Andrew Cuomo initiative. The BCW also joined Cuomo earlier this month for a press conference in Westchester to support the cap and federal tax reform.

Similar News Items

The BCW’s state advocacy program was actively engaged throughout the session including reaching out to legislators during the final last hours of the session. Countless memorandums of support and opposition on bills of importance to the business community were issued to the Legislature; and countless Zoom meetings were held. Additionally, the BCW was in constant contact with […]

Read Article

City, County and State officials held a press conference this week at Pugsley Park in Peekskill to discuss the city’s recent certification as a New York State Pro-Housing Community, its $10 million award from the Mid-Hudson Momentum Fund, and to celebrate the opening of Pugsley Park with a ribbon cutting. Over 50 people were in […]

Read Article

The BCW’s Government Action Council hosted its sixth annual Board of Legislators Reception on Tuesday, where BCW members shared their concerns with members of the Westchester County Board of Legislators. BOL Chair Vedat Gashi and BOL Vice Chair Jose Alvarado updated BCW members on the BOL’s ongoing activities, including preparing for next year’s County Executive […]

Read Article

Become A Member

Join the county’s largest and most influential business organization today.

The Business Council of Westchester is committed to helping businesses market, learn, advocate, and grow. Over 80 events and programs are offered every year, giving our members ample opportunity to connect and meet with businesses representatives in the Westchester community and beyond.
Back to top