During the Legislative Session's final negotiations, the Governor and Senate worked hard to keep the 2% Property Tax Cap in effect for another 4 years.
That saves millions of dollars for taxpayers in Broome, Tioga, Chenango and Delaware Counties.
Senator Libous had this to say about the end of Session:
“This year’s session ended with good news for taxpayers – property tax relief.
We succeeded in extending the highly effective property tax cap that has already saved taxpayers $7.6 billion over the past four years. The cap was set to expire in 2016 but will now be extended until 2020 which is good for taxpayers and businesses.
There's also $3.1 billion in new property tax rebates for STAR-eligible homeowners over the next four years, starting in 2016. When combined with the tax freeze check planned for next year that adds up to an average of $350 per eligible homeowner
Another highlight is the passing of significant parent-centric education reforms to provide greater transparency and accountability. These reforms include helping students by enacting new measures to ensure that state exams in grades 3 through 8 are grade and time appropriate and establishing a content review committee to monitor exam questions to make sure they meet the appropriate age and grade level standards for our kids."
Please click here for more End-of-Session Highlights.