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For Release — Jan. 31, 2011

Business Council supports passage of property tax cap

ALBANY— “A real property tax cap is a vital reform to put New York on the road to economic recovery. Gov. Andrew Cuomo and the State Senate are right to move this critical legislation forward early in the legislative session,” said Heather Briccetti, acting-president & CEO of The Business Council of New York State, Inc.

The Business Council pointed out that in 2009 local governments and school districts collected a stunning $46 billion in property taxes from businesses and homeowners across the state. Outside New York City, businesses paid a full 40 percent of that tax levy.

“To put New Yorkers back to work we must control government spending and start to lower taxes. The property tax cap is the first step in that direction,” said Briccetti.

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