Assemblyman Bill Reilich (R,I,C-Greece) today stood with his Assembly minority colleagues to downplay a new Assembly majority tax relief plan, calling it “unfair” to working families.
“The majority’s tax plan is fundamentally flawed, too complicated and does nothing to help those who need relief the most – hard-working New York families,” said Reilich. “The Assembly majority has never been thrifty with taxpayer dollars, except when it comes to giving them back.”
Under the majority plan, a homeowner would receive a tax break only if the individual’s property taxes are greater than 7.5 percent of income. This means, for example, that a working family of four with a household income of $70,000 with a property tax bill of $5,250 or less would not receive any relief.
Minority leaders noted the proposal is confusing and does not provide real tax relief for property taxpayers. The majority proposal to provide $900 million in tax relief amounts to less than half of an earlier minority-proposed $2 billion relief effort.
Assemblyman Reilich stated the cause of high property taxes in New York is primarily from the erroneous demands placed on local taxing authorities in the form of unfunded state mandates. Reilich is calling for elimination of all unfunded state mandates and increases in School Tax Relief (STAR) program exemptions to better reflect today’s higher median home values.
The minority proposal unveiled months ago includes restoration of state aid for school districts, additional STAR programs and other measures to reduce costs. Reilich noted the Minority plan would do battle with the estimated $4.5 billion annual cost of Medicaid fraud, abuse and waste in New York.