Raia Hails Budget Agreement As Victory For Homeowners

March 28, 2006

Assemblyman Andrew Raia (R,C,I,WF-East Northport) praised the budget agreement that contained significant tax relief for overburdened homeowners, families and seniors.

The agreement includes:

  • $805 million in property tax rebates this year and $960 million in 2007-08, totaling $1.765 billion
  • Providing $72 million in cost-of-living increases in senior STAR for this year and next - STAR rebates will range from $300 to $800, depending on the homeowner's age and particular property tax levy;
  • Elimination of the State sales tax on clothing under $110 dollars;
  • Several other measures, including a child tax credit of $300 for children ages 4-17, that ultimately accumulate to $4 billion worth of tax cuts over 2 years.

“The agreement reached today is a step in the right direction and includes an issue we have worked tirelessly to get to the forefront of discussion, property tax relief,” said Raia. “This is truly a victory for Long Island homeowners, seniors and families.”