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News
Union Foes Killing Property Tax Cap In State Legislature
by Marc Garber
NEW YORK, NY June 11, 2008 —A proposed property tax cap supported by Gov. David Paterson and most New Yorkers appears to be dead. WNYC's Marc Garber reports.
REPORTER: Nassau County executive Tom Suozzi, who headed Paterson's committee on the cap, says that after years of rising taxes, the time for a cap is now. But neither Senate Republican leader Joe Bruno nor Assembly Speaker Sheldon Silver supports Paterson's proposal.
That, and a lobbying push by powerful labor unions and New York's teachers' union to try to kill the proposed limit on the growth of local property taxes, make it unlikely that it will even reach the floor of the legislature this session. They say the measure would hurt schools despite record state aid increases. For WNYC, I'm Marc Garber.
