Hannon: Senate Passes Property Tax Cap Legislation

Bill will cap school and local government taxes at 2 percent or the Consumer Price Index, whichever is lower.

The New York State Senate passed historic property tax relief legislation, enacting a cap on the growth of local property taxes.

“It’s an issue that I hear about in my district almost every day – the property tax cap. New Yorkers pay the highest property taxes in the country and they are sick and tired of having their tax bills increase year after year, sometimes by double digits,” said Hannon. “This issue is crucial to countless families and businesses on Long Island and across New York State.”

The bill (S.5856) will cap school and local government taxes to less than 2 percent or the Consumer Price Index (CPI), whichever is lower. Mandate relief is also included, with $127 million in savings to local governments, in addition to the creation of a Mandate Relief Council to identify and repeal unsound, unduly burdensome laws and regulations.

For more important New York State legislative information and for a list of upcoming community events near you, visit kemphannon.com.

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Chris Wendt June 29, 2011 at 04:57 PM
The news media missed details and nuances (loopholes) on this big, "LANDMARK" legislation. What about "exclusions" (pension increases) and how will they be accounted for. There is no "Property Tax" for pension payments. How will the 60% override provision work? What 60% override provision you may ask, since Kemp Hannon completely failed to mention that. If the school wants to exceed the 2% tax cap, do they just put a 4% tax increase out there to see what happens? Then, if the 4% tax increase fails, do they default to 2%, or will there be a "DO-OVER" vote in June, and can the do-over vote go above 2%? (Of course we DON'T VOTE ON TAX INCREASES NOW; we vote on SPENDING. The tax increase is the result of SPENDING minus State Aid minus Allocated Fund Balance. So just how will the 60% override work, since we don't vote on the tax levy? Personally, I will be shocked, SHOCKED!...if we ever see an actual 2% of lower tax increase. The bigger issue I have AGAINST this bogus, make-believe tax cap is the fact that it is unconstitional, and could be stricken by the courts just as soon as some school district tells their creditors, especially their bond holders, that they cannot make their scheduled payments because of the tax cap. There is case law going all the way back to the Robert Moses era against state legislation that may interfere with the contract rights of municipal bond holders by restricting an entity's ability to collect revenue.
working joe June 29, 2011 at 05:33 PM
Chris nicely written. The school can put up 4%. if is passes by 60% or more it is a 4% tax increase. If it doesn't pass by 60% majority but does pass it is 2% exclusive of the carveouts. Pension is carved out but it difficult to understand. It sounds like anthing over 2% is outside the cap, which would be every year. I don't think it would be unconstitutional unless you have some knowledge of the constitution I don't but that is not to say it might not be illegal. I would question this too but for a list of reasons not worth going into
Long Islander June 30, 2011 at 08:55 PM
It's a SCAM!
Charlie Allnut July 02, 2011 at 03:35 AM
If you want to know something about the future of Long Island consider this. Forbes Magazine ranking of Best Places for Business and Careers looked at the 200 largest metropolitan statistical areas in the U.S. They consider 12 metrics relating to job growth (past and projected), costs (business and living), income growth, educational attainment and projected economic growth. They also factor in quality of life issues like crime rates, cultural and recreational opportunities and net migration patterns. Lastly they included the number of highly ranked colleges in an area per their annual college rankings. The results, not one area in New York was rated higher than 45. Long Island was listed as 98th, behind NYC (45) Rochester (65) and Albany (77). The top ten were: 1 -Raleigh NC, 2 - Des Moines IA, 3 - Provo UT, 4 - Lexington KY, 5 - Fort Collins, CO, 6 – Nashville, TN, 7- Austin, TX, 8 – San Antonio, TX, 9 – Denver, CO, 10 – Dallas, TX.


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