To help promote the need for comprehensive, long-term property tax relief, Assemblyman Brian Kolb (R,C,I –Canandaigua) today stood with his Assembly minority colleagues to unveil a property tax cap budget clock. The clock will serve as a reminder to state leaders that property owners in New York need relief from skyrocketing property taxes and that a plan should be enacted by the state’s fiscal deadline, April 1.
“Our overall tax burden is still the heaviest in the nation, 56 percent higher than the national average. Young people cannot afford to buy homes, seniors are struggling to pay their bills and businesses are facing immense challenges to create and retain jobs,” said Kolb “Although the governor has indicated he will explore a property tax cap, I urge him to act now to provide long-term property tax relief. Taxpayers can no longer afford to work and live in New York state. Failure to act this year will continue to force businesses and residents in search of better opportunities elsewhere.”
Assemblyman Kolb has already unveiled a plan, which he encourages the governor and state leaders to adopt, that would save taxpayers and school districts approximately $16 billion over the course of five years. The plan does the following:
- Caps property taxes by preventing school district tax levies from increasing by more than 4 percent annually or the rate of inflation, whichever is lower;
- Provides school district mandate relief through reimbursement to schools for entire costs incurred from 4th and 8th grade Math and English tests;
- Stops any unfunded state mandates that cost more than $10,000 annually or $1 million statewide;
- Reduces county Medicaid costs through a state takeover of the cost of optional services;
- Enables local governments to battle Medicaid fraud through grants for investigation software;
- Encourages consolidation of local government services; and
- Encourages local option insurance pooling.