Sentences with phrase «proposed circuit breaker»

The Fiscal Policy Institute has long proposed a circuit breaker as a solution to the burden of high property taxes on moderate and lower income families and to ensure that retirees are not forced out of their homes.

Not exact matches

Cuomo's proposed property tax relief plan — or circuit breaker — is, as expected, drawing praise from some and criticism from others.

Cuomo had initially proposed a rebate program akin to a circuit - breaker for tax relief as well as a two - tiered wage increase for New York City and a lower one for the rest of the state.

That plan would replace a circuit breaker program Cuomo proposed in his own budget, which many lawmakers criticized as detrimental to municipalities and school districts already struggling under the weight of a two - percent property tax cap passed into law in 2012.

Gov. Andrew Cuomo put the kibosh on the Senate Democrats» proposed property tax cap circuit breaker, which has also been endorsed by a number of taxpayer advocacy groups.

The governor proposes a property tax relief plan — a circuit breaker — that wisely ties a family's property tax burden to its income level, targeting meaningful relief to over one million New Yorkers that need it the most.

The sources also said the Assembly is pressing for the proposed $ 1.3 billion property tax rebate plan to take the form of something that blends the STAR rebate with a circuit breaker, which ties rebates to income levels.

Cuomo has proposed an income - based circuit breaker tax relief plan that is tied to the property tax cap and would provide relief to only some New Yorkers.

The governor proposes a property tax relief plan (Circuit Breaker) that wisely ties a family's property tax burden to its income level, targeting relief to over one million New Yorkers that need it the most.

The plan proposes new spending cuts in programs such as Care4Kids, magnet schools, and reducing municipal aid for the Elderly Circuit Breaker program.

[11] Rather than limit investment in other needed services to pay for the circuit breaker, the state should generate additional revenues by fixing some of the problems related to last year's corporate tax reform, eliminating or scaling back many of the state's smorgasbord of business tax credits, rejecting the proposed Education Tax Credit, and limiting the increase in the estate tax exemption.

On another property tax - related issue, the deal apparently combines elements of Cuomo's proposed property tax circuit - breaker (specifically, income means - testing) with the Senate Republicans» desire for a property tax «rebate.»

Instead, they propose using circuit - breaker algorithms that will trip when trading becomes erratic.

The new model we propose is a circuit breaker.