Silver on Assembly tax-cap bill: 2 percent, ‘not too many’ exemptions

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A compromise bill that eases the hard property-tax cap proposal by Gov. Andrew Cuomo will be introduced in the coming days, Assembly Speaker Sheldon Silver told reporters today.

Speaking after a memorial service to honor fallen police officers, Silver said the Assembly Democrats’ proposal will still cap property-tax levies at 2 percent annually, but will include certain exemptions.

Silver said there are “not too many” exemptions included in the bill, but declined to reveal exactly what will be included.

“We are finalizing the bill,” Silver said. “We’ve briefed the governor on it. He’s aware of it, and we will introduce it one of these days.”

Some Assembly Democrats said last week that talks had centered on allowing the cap to expire in three to five years, as well as an exemption for pension costs for local governments and school districts. Silver refused to address any of the specifics, including a possible sunset.

The Senate passed Cuomo’s proposal earlier this year, while the Assembly has expressed reluctance. Senate Republican Leader Dean Skelos said his conference will “look at it” if Cuomo decides to “weaken the bill.”

“The governor has been very clear, and we stand with the governor, that he wants a hard property-tax cap,” Skelos said.

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