BAYPORT - Nearly all of Long Island's state senators were joined today by local homeowners to push the state Assembly to pass property tax cap legislation.
Gov. Andrew Cuomo (D-N.Y.) proposed a property tax cap bill months ago, and the state Senate signed off on it in January, but it has become bogged down in the Assembly.
The bill would limit property tax increases to 2 percent annually, or the rate of inflation - whichever is less. It could only be overridden if it gets the vote of a local governing board and 60 percent of votes in a local referendum.
"I want it skewed in favor of the taxpayer because frankly, the odds have been against the taxpayer for too long," Cuomo said.
However, Assemblyman Steve Englebright (D-Setauket) says the Assembly is working on its own "less restrictive" version of tax cap legislation, one that adjusts for inflation.
The state Assembly has four weeks to propose its version of the bill before the end of the legislative session.