Written by Rob Lillpopp on July 7, 2011 – 5:45 am
“The passage of a property tax cap is great news for all New Yorkers. It sends a signal to business leaders that the state is prepared to control the cost of government and begin to rebuild our private sector economy,” said Heather Briccetti, acting-president & CEO of The Business Council of New York State, Inc.
The property tax cap has long been a priority of The Business Council. It will contain the growth of local government spending and ultimately make New York more affordable for homeowners and businesses. New York State paid a staggering $48 billion in property taxes in 2010, up five percent from 2009.
The 2009 increase over 2008 was six percent. Businesses paid nearly 44 percent of the total tax levy, $21 billion, by far the largest non-federal tax on private sector employers. The passage of the cap completes a very positive legislative session in which much of Governor Andrew Cuomo’s and The Business Council’s fiscal reform agenda became real.
In addition to getting a property tax cap enacted into law during the 2011 legislative
session, The Business Council worked hard to advance a pro-business agenda in Albany.
As a result of our efforts we were able to proclaim the following victories for business:
• A state budget with no new broad-based taxes
• Caps on future Medicaid and school aid spending
• Improvements in the Excelsior Jobs program
• A new Article X siting law for power generation
• The Recharge NY economic development power program
• An initial local government mandate relief package
• Savings through negotiations with state workforce unions
The Council defeated legislation to expand the state’s Martin Act, with our advocacy efforts culminating in a rare defeat of legislation in the Assembly Codes Committee. The Council also led the fight against significant new energy costs, such as mandated utility purchase of expensive solargenerated electric power.
All of these achievements will lead to an improved business climate in New York.
To read more click on this link end-of-session-flyer
