ALBANY - The state Senate today passed a bill that aims to cap property taxes in New York.
The bill would impose a 2 percent limit on the property tax levies of local governments and school districts.
The tax cap bill will now go to the state Assembly.
The measure is backed by Gov. Andrew Cuomo, who will release his budget tomorrow. The governor is expected to reiterate his support for the property tax cap and also threatened to slash thousands of state jobs to help close the state's $10 billion deficit.
Cuomo is also expected to propose cutting billions from health care and schools.