New York State: Tax cap grossly misleading

a12iggymom's Blog

Tax cap grossly misleading

Joseph Spector’s Sunday article on the governor’s race reported, “The Democratic governor has boasted about … instituting a tax cap that limits growth in property taxes to less than 2 percent a year.”

That statement is grossly misleading. Given the expenses that are left out of the cap calculation, many school districts have averaged property tax increases approaching or exceeding 3 percent a year since the cap was initiated. That is, they are approaching or exceeding the rate of inflation by 50 percent.

It is a broken system that foists such outrageous increases that benefit such a limited group on the general public.


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Author: a12iggymom

Conservative - Christian - Patriot

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