Property Tax Cap Win!
The enactment of a permanent property tax cap is a big win for business. The cap has saved taxpayers approximately 17 billion since it was first enacted. The cap was made permanent with no changes in the recent budget deal struck between the Governor and the Legislature. This is something that the Greater Binghamton Chamber of Commerce and other business community allies have championed for over a decade. Moving forward we will have to remain vigilant to prevent efforts to pass exemptions that will weaken the integrity of the cap.
EJ McMahon of the Empire Center shared his thoughts concerning the recent enactment of the permanent property tax cap here: https://www.empirecenter.org/publications/statement-by-e-j-mcmahon/?fbclid=IwAR3uBwFZ30Wye-O0IhNqIMjGD6__B5WdGvKl49Q10K6dHBnrc9wjBUqlMXw