Omnibus Consoritum - Tax Reform

Short Term Property Tax Relief and Long Term Tax Reform: An Omnibus Approach

By the way New York State divides responsibility between itself and its local governments for the funding of important public services, it places too much pressure on the property tax. NYS should be relying less on the property tax and more on statewide taxes based on realistic measures of the “ability to pay.” But by sometimes cutting and sometimes freezing state aid to local governments and school districts, NYS has been increasing its reliance on the property tax. The latest “solution” to this problem is to cap local property taxes thus putting local elected officials in the position of having to cut funding for important local services and/or increase property taxes above the cap.
READ SUMMARY OF THE OMNIBUS TAX REFORM BILL >

posted 11/17/11

Property Tax Reformers Hold Summit at Mohonk Mountain House
State Raises Property Taxes for Working Class Families While Cutting Taxes for Millionaires
Group Asks: This is the Solution to Our Tax Problems?

Tax cap opponents shift tactics
They call for "circuit breaker" that would shift how schools, governments are funded

posted 6/15/11

Governor Cuomo Cuts Taxes for 35,000 Millionaires
Raises Property Taxes on 675,000 Working Class Families That Are Already Struggling
Group Asks: This is Your Solution to Our Tax Problems?

What the Census Bureau’s American Community Survey
Tells Us About Residential Property Taxes

Table 1: Over 675,000 New York Households Pay 10%
or More of Their Income in Property Taxes. A
Quarter Million Pay 20% or More

Table 2: Nearly Half of New York Households with
Incomes of $50,000 or Less Pay 10% or More of
Their Income in Property Taxes.

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