Omnibus Bill Tax Calculator: Find Out How Omnibus Circuit Breaker Affects You
THE OMNIBUS BILL:
A SOLUTION TO THE TAX CRISIS
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 >