Cuomo continues push for property tax cap
To view our videos, you need to
install Adobe Flash 9 or above. Install now.
Then come back here and refresh the page.
NEW YORK STATE -- "The taxes are too damn high."
It appears both sides of the aisle and both sides of the capitol are ready to pass Governor Cuomo's proposal to put a two percent cap on property taxes.
"By passing the governor's property tax cap, we can hold the line on taxes and prevent middle class families from being priced out of their homes," said Senate Majority Leader John Sampson.
Sampson, along with several other Senate democrats, said Monday they'll vote for the cap as they have twice when they were in the majority, but are hoping to take it a step further. In not-yet-written legislation proposed by Buffalo freshman Senator Tim Kennedy, the bills would also put a four-year moratorium on unfunded mandates for local governments. And they also want a circuit breaker, partially tying property taxes to household income.
"It's a tax credit to counter the high property taxes that many middle class families are forced to endure," Sampson said.
Agreement for the plan seems to fade when it comes to how they are going to pay for it. Senate democrats say the money would come from a budget surplus. But the Governor and Assembly majority think that is far-fetched considering the economy is still sputtering, and the state is facing a budget gap of more than $10 billion.
"A circuit breaker is a different purpose, a legitimate purpose, but it's just different from a property tax cap all across the board. I believe we need a property tax cap, I believe in fiscal discipline," Cuomo said.
"I don't believe we're in a position to engage in a broad based revenue item and expense item, without addressing some of the revenues and it appears the governor and the Senate will not address any of the revenues and without that, I don't know if we're in a position to float a new program that costs billions of dollars," Canistrari said.
Like in past years, all sides agree something needs to be done to curb property taxes. But, also like years past, the Senate and Assembly appear to have clear differences in what is the best approach.