Great information: State Senate Majority Leader Andrea Stewart-Cousins this week backed Gov. Andrew Cuomo’s name for making the property-tax cap everlasting.
ASC included the transfer prominently in her agenda for the 2019 session, which leaves Assembly Speaker Carl Heastie as the one prime New York chief not dedicated to the reform.
“We are going to lower the tax burden for middle-class New Yorkers and make the tax cap permanent,” Stewart-Cousins (D-Yonkers) mentioned, including that the step is required to “stop the exodus” out of New York state.
Since changing into legislation in 2011, the cap has restricted property-tax development for all native governments and college districts outdoors town to 2 p.c or the speed of inflation, whichever is much less. That’s drastically slowed a tax-hike development that will have value New Yorkers billions of .
Yet, because the Empire Center’s E.J. McMahon notes, the cap hasn’t been made everlasting as a result of some elected pols need extra authorities spending.
If ASC can ship this reform, it’ll be an enormous signal that the Senate’s new Democratic majority isn’t a bunch of patsies for the loopy left, however relatively accountable guardians of the general public curiosity.