Republicans push for tax cap
Senate Republicans have one message for Assembly Speaker Sheldon Silver: Pass the cap. Our Nick Reisman has more on the push for a two percent cap on property taxes.
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ALBANY, N.Y. -- Pass the cap. That's the message from Republicans who are applying pressure on powerful Assembly Speaker Sheldon Silver, trying to get him to put a two percent cap on property taxes up for a vote.
"The sponsor of the identical bill is the Speaker of the Assembly. Who's not going to negotiate with whom? I would think that the Assembly Speaker would talk to the Assembly sponsor, maybe while he's shaving and say 'I want to support your bill' because we're one in the same,'" said Senator John DeFrancisco.
Though Senate Republicans passed Government Andrew Cuomo's tax cap in January, the GOP doesn't want to negotiate a compromise bill, leading some believe the Senate doesn't truly want a cap. But Republican leaders insist they do. They're just skeptical negotiations would produce a good cap.
"We passed it and we believe and hope the Assembly will pass it," Senate Majority Leader Dean Skelos said.
Additionally, the Association of Realtors will begin a $750,000 ad campaign to push for passage of the cap.
"We have the highest property taxes in the nation and it's creating problems in the housing market and it's obviously creating problems for the entire economy," Duncan MacKenzie of the Association of Realtors.
For his part, Silver said he would support a two percent cap. But some exemptions may be needed before it can pass.
"Obviously, it would have a cap on property taxes, probably the two percent the governor has in it and probably beyond that we'll a discussion," Silver said.
Cuomo issued a statement signaling support for negotiations. He begins a tour of the state to promote his cap later this month.