- Associated Press - Tuesday, June 2, 2015

ALBANY, N.Y. (AP) - New York Gov. Andrew Cuomo is renewing his push for lawmakers to extend a cap on local property taxes.

The governor and the state’s Democratic Party announced Monday that they will launch an online media campaign to support the cap, first enacted in 2011.

The ads will be paid for by the party, which says the cap has saved property owners $7.6 billion so far.

Senate Republicans want the cap made permanent, but critics of the cap say it should be subject to periodic renewal.

Cuomo’s spokesman initially said Cuomo was seeking a five-year extension but later said the timeframe was uncertain.

The cap generally restricts local governments from increasing tax levies by more than 2 percent or the rate of inflation and can only be overridden by voters.


This story changes the headlines and text to correct inaccurate information from a Cuomo spokesman. Cuomo is seeking renewal, not a permanent extension of the tax cap.



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