They are tied, through prior legislation, to
renewal of a property tax cap.
Not exact matches
After his meeting with the Republican senators, Cuomo huddled with Skelos and Assembly Speaker Sheldon Silver to tackle a pair
of other contentious issues: rent - regulation
renewal and a proposed
property tax cap.
The
renewal of the regulations could be tied to the extension
of a
cap on
property taxes.
In addition, lawmakers face some new issues, including the periodic expiration
of New York City's rent regulations in June, and
renewal of the state's
property tax cap, which has been tied through legislation to
renewal of the rent laws.
Assembly Speaker Sheldon Silver, a regular ally
of the union, floated a balloon last week by suggesting that Cuomo's beloved
property tax cap be linked with the
renewal of rent control laws.
The 2 percent per year
property tax cap does not technically expire until next year, but leaders
of cities, towns, and counties, as well as teachers and public worker unions say they fear an early
renewal of the law might be part
of any end
of session deal.
Nearly one week after the New York State legislative session was supposed to end, Governor Andrew Cuomo and legislative leaders have announced a deal on all major end
of session issues, including
renewal of New York City's rent laws and a related
property tax cap, as well as a new
tax rebate program for
property owners.
Nearly one week after the legislative session was supposed to end, governor Cuomo and legislative leaders have announced a deal on all major end
of session issues, including
renewal of New York City's rent laws and a related
property tax cap, as well as a new
tax rebate program for
property owners.
Young also said that a separate
renewal of the state's 2 percent
cap on local
property tax increases remains a conference priority.