Last Friday, State Comptroller Tom DiNapoli announced the release of his Annual Report on Local Governments, which summarizes trends in local government revenues and spending. The report found that the growth of real property taxes has slowed over the last decade. It peaked at a 7.7% increase in 2003, and increased 2% in 2013.
Comptroller DiNapoli said:
“Local governments are navigating through some choppy waters. As costs continue to rise, local officials have had to make difficult choices. Although some key economic indicators suggest an improving economy, property tax growth is slow and the pressure remains on local governments to do more with less.”
Unshackle Upstate is very pleased with this trend. But more remains to be done. We continue to push the state to provide mandate relief, so that local governments get relief from the pressure to “do more with less.” We continue to urge lawmakers to act on the Let NY Work Agenda, which would provide relief for local governments, school districts and taxpayers across the state.
We are also concerned about the possibility that the property tax cap could expire. That’s we’ve made making the tax cap permanent one of our top 2015 priorities.