New York Gov. Andrew Cuomo is calling for lawmakers to extend a cap on local property taxes for another five years.
The governor and the state’s Democratic Party announced Monday that they will launch an online media campaign to support the cap, which Cuomo pushed through the legislature in 2011.
The online ads will be paid for by the party, which says the cap has saved property owners $7.6 billion so far.
Republicans in the Senate want the cap made permanent, but critics of the cap say it should be subject to periodic renewal.
The cap generally restricts local governments from increasing tax levies by more than 2 percent or the rate of inflation and can only be overridden by voters.
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Categories: News, Schenectady County