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For Release — May 24, 2011

Business Council applauds property tax cap progress

ALBANY— “The new property tax cap proposal moves New York closer to an economic recovery. Now both houses of the legislature have agreed with Gov. Andrew Cuomo that New York needs to implement a hard tax cap in order to protect taxpayers and businesses. A cap will help bring fiscal discipline to government and dramatically improve the business climate in the state. Businesses will not come, stay, and grow in New York unless we get control of property taxes and this cap will do just that,” said Heather Briccetti, acting-president & CEO of The Business Council of New York State, Inc.

“The Business Council applauds Gov. Cuomo's determined efforts to make this vital fiscal reform a reality. The latest proposal stays true to the Governor's original proposal by drawing a hard line on property tax increases. The Business Council urges both houses of the legislature to move quickly to implement this cap,” added Briccetti.

“Enacting this cap would be a tremendous move forward for New York, however, The Business Council still believes that long-term, public employee pension reform will be needed to control the costs of local government and school districts,” concluded Briccetti.

There are only a few days left in this legislative session and the fate of this vital reform is in the balance. Both houses of the legislature have now endorsed very similar plans.

Click here to tell your Senators and Assembly members that they must enact this reform before the session ends.

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