Gov. Paterson Backs Property Tax Cap

NEW YORK (CBS 2) — New York Governor David Paterson was calling for a property tax cap and said he’ll try to force state lawmakers to vote on one before the November 2 general elections.

Paterson supported a bill to cap yearly hikes at 4-percent or 120-percent of inflation, whichever is lower.

The measure passed the State Senate several times, but has yet to come to a vote in the Assembly.

Assembly Speaker Sheldon Silver opposed the cap and predicted its failure in his chamber.

  • edy

    Property taxes in NY are so out of control that any proposal looks good.

  • countgregor

    One of New York States most unpopular governors has delivered more change that was needed than the last 10 former governors . The jerks who blocked any chance for him to run for re-election are now seeing how a governor with nothing to lose brought about so much sanity to the State of New York. Even though unpopular–he no doubt will be a real hit in NYS history.

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