This is not good for NY State. When will our politicians do the right thing for the citizens of this state? Perhaps never. Andrew Cuomo is a disaster for NYS.
What the 2 percent tax cap deal really means for Central New York taxpayers
There’s just one catch: Under the new plan, individual property tax bills will likely continue to go up beyond the advertised 2 percent cap.
That’s because the proposal would allow local governments and school districts to ignore the cap if their pension costs increase by more than 2 percent — which has happened with regularity in New York in recent years.
The proposal would allow local governments to carve out other things from the cap, too, like expenses caused by hefty lawsuit settlements and potential revenues from new housing developments or businesses.
And, critics say, the plan introduced Tuesday by Assembly Speaker Sheldon Silver does nothing to limit other state-mandated costs to local communities at a time when the Legislature and Gov. Andrew Cuomo have cut aid to schools, cities, towns and villages.
Syracuse expects its pension costs to jump 42 percent in the 2011-12 fiscal year, to $28 million. Facing that kind of skyrocketing expense, the 2 percent cap may be a mirage.
“Unless you address those cost factors, the property tax cap is really just a symbolic, at most, gesture,” said Syracuse Mayor Stephanie Miner.
http://www.syracuse.com/news/index.ssf/2011/05/nys_political_leaders_agree_to.html
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