In Cuomo's tax reform package, sweetners for everyone

Monday, December 12, 2011 - 12:23 PM

A small and mostly overlooked item in the tax reform package passed provides another example of how the Governor aimed to give everyone a stake in the passage of the tax reform bill last week.

Among the authorizations was $1 million to keep a foreclosure program funded. The main proponent of the program has been Senator Jeff Klein who leads the Independent Democratic Conference in the State Senate.

“This was a good first step that will help keep some of these vitally important programs running as many New Yorkers enter the holiday season not only facing the prospect of losing the American Dream, but also facing limited options for help during  foreclosure process,” Senator Klein said in a statement.

Klein went on to advocate for the program's inclusion in next year's budget. According to his office, the program prevented more than $1.9 billion in lost property value and property tax revenue over the past two years.


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