Gov. Cuomo went on the offensive last week to try to build public support for his $1.66 billion property tax “circuit breaker” proposal, issuing a region-by-region breakdown of the plan’s potential impact.
According to the Governor’s office, his plan would provide 1.3 million middle-class homeowners property tax relief by tying what they pay to their income. The plan also includes a renters’ credit, which is intended to make it palatable to New York City residents.
Unshackle Upstate has been clear in our opposition to this plan – it represents a shift of taxes, from state taxpayers to property taxpayers – and does nothing to address the root causes of high taxes.
The other problem we see is that most of the “benefits” of this plan will go to the Hudson Valley and Long Island. According to the Governor’s office, the savings would average $1,112 in the Hudson Valley, but just $771 in the Finger Lakes.
We would much rather see the state provide mandate relief for local governments (so they can provide their residents with tax relief), and make the real property tax cap permanent.