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'Framework' In Place For Property Tax Cap in New York

New York Senate Republican Leader Dean Skelos says there is "a framework" for a deal on a statewide property tax cap, New York City rent control and several other issues.

New York Senate Republican Leader Dean Skelos says there is "a framework" for a deal on a statewide property tax cap, New York City rent control and several other issues.

Earlier in the day, it appeared a cap on property tax growth was less likely. Skelos had said he would insist on making any cap permanent while Assembly Speaker Sheldon Silver called for it to expire so its effects on schools and local government could be examined. That would require future legislatures and governors to reconsider caps.

Skelos later said he was hopeful there will be a resolution of them by the end of Wednesday.
A June 13 Siena College poll found the tax cap was by far the most important issue for New York voters, far ahead of ethics reform and the third top issue, legalization of gay marriage.

The cap proposed by Gov. Andrew Cuomo, announced twice as a done deal, would limit local property tax growth to 2 percent or the rate of inflation, whichever is less. The cap could be overridden if 60 percent of a school district's voters approve.

The measure is tied to extending New York City rent control, which is also the subject of continuing closed-door negotiations.

The Senate introduced an amendment Monday night with some new criteria on rent control that also appeared to make the legislation uncertain.

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