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Latest News - February 2013

February 21, 2013
Teachers' union lawsuit over tax cap is misguided
Source: Newsday.com

When New York enacted a property tax cap two years ago, it was widely praised by those frustrated with seemingly out-of-control tax increases. As a result, local governments and school districts were forced to make tough decisions on layoffs, programs and other spending priorities — or answer to a public that demanded relief.

In its first year in 2011, most governments — 95 percent — complied with the 2-percent cap, while last year 19 percent of local governments and 5 percent of school districts busted the limit.

Its relative success in slowing spending is why Gov. Andrew M. Cuomo maintains “it’s one of the best things” he’s done as governor.

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