Calling it the “major problem facing the state,” Governor Andrew Cuomo announced a plan to reduce New York’s highest in the nation rate of property taxes for some homeowners. But the program was not received with open arms by everyone.
Under Cuomo’s proposal, homeowners who pay 6 percent or more of their annual paychecks in taxes will get a credit on their tax bills. Renters will also receive an equivalent credit.
Both houses of the New York state legislature are making changes to Andrew Governor Cuomo’s tax freeze plan in their budget proposals. And now, small business groups are speaking out, saying the proposal favors some homeowners, at their expense.
New York Governor Andrew Cuomo is starting a new push for his property tax freeze plan, while counties in the state say they have a better idea, which they say could result in lower property taxes in New York for even longer.
BUFFALO, N.Y. (AP) — New York School districts that saw budgets fail in May will put plans up for new votes Tuesday. Under the state's tax cap law, school districts have two chances to get budgets passed. If they fail both times, they can't raise taxes at all in the next school year.
A handful of districts are putting the same budgets on the ballot after narrow defeats the first time around.
Other districts made additional cuts in staffing and programs to reduce tax increases.
School budget votes will be held across New York next Tuesday, and this will be the first year that districts must comply with the state’s new two percent property tax cap. Most of the school budgets to be decided next week are within the cap, but school officials say it will come at a cost. WAMC’s Brian Shields spoke with Tim Kremer, executive director of the New York State School Boards Association.
As some education advocates praise the additional school funding announced as part of the New York State budget agreement, schools must now work through their own budgets, while, for the first time, considering the state’s 2 percent property tax cap.
WAMC’s Patrick Donges spoke to Tim Kremer, executive director of the New York State School Boards Association, on the fiscal future of New York’s schools in the wake of yesterday’s budget agreement.