Long Island, NY – Governor Andrew M. Cuomo is gaining support on Long Island and across New York State for his Tax Fairness for the Middle Class Campaign.
“New York has some of the highest property taxes in the nation and people were being taxed out of their homes until we passed our historic 2 percent local property tax cap,” Governor Cuomo said.”Now the federal government is taking us backwards and effectively increasing taxes on Long Island families with its devastating cap on state and local tax deductions. We need to make the local property tax cap permanent, cut middle class taxes and fight SALT so that working people know we are on their side.”
In 2011, Governor Cuomo vowed to bring property taxes under control. After years of trying to cap property taxes, New York passed the first ever 2% property tax cap. Since the implementation of the tax cap in 2012, local property tax growth has averaged 1.9%, compared to 5.3% average growth from 2000 to 2010. This tax cap has produced approximately $8.7 billion in taxpayer savings on Long Island and $24.4 billion statewide. The property tax cap changed long-term trends and the trajectory of the state.
Senator Jim Gaughran said, “While the federal government continues their assault on Long Island taxpayers, we need to fight back and protect New York’s middle class. Congress must repeal the arbitrary cap on SALT deductions. I’ll never stop fighting for Long Island taxpayers.”
Senator Todd Kaminsky said, “For far too long, hardworking Long Islanders have been overburdened with skyrocketing taxes — a problem that has only been exacerbated by Washington’s decision to cap the SALT deductions. New York’s property tax cap has proven to be vital in reigning in spending and protecting our hard-earned tax dollars.”