Bonacic: Seeking' to bring real relief to the taxpayers'


Make text smaller Make text larger





With the recent changes to federal tax laws, there has been a renewed focus on the impact of high property taxes in New York. We need to address this issue in three ways: making the tax cap permanent; reconsidering how we fund education and provide mandate relief; and tackling out-of-control tax exemptions and abuses.

The New York State Senate has again passed legislation to make the tax cap permanent, which has to date saved taxpayers $23 billion statewide. This bill passed overwhelmingly in 2015, 2016, and 2017 but has not been brought for a vote on the floor of the Assembly.

However, simply capping the rate of growth of property taxes is not enough – we must reduce the main driver of our high property taxes – school taxes.

That is why I have reintroduced legislation to allow school districts, at voter option, to phase out school property taxes on primary residences over five years and replace the lost revenue with increased state aid. This legislation has also previously passed the Senate and died in the Assembly.

Finally, we need to address the issue of out-of-control property tax exemptions. Based on year 2013 assessment rolls, $826 billion in property value, nearly one-third of the value of all the property in New York, is exempt from taxation.

In order to reform these property tax exemptions, I have long fought for a package of bills to reign in the abuses in the system.

I look forward to working this session to bring real relief to the taxpayers of New York.

Sen. John J. Bonacic

Senate District 42



Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

College Admissions Expert Elizabeth Levine: Getting Organized
Wanting to get organized in 2018?


Read more »
Image

What motivates most when it comes to workouts?
By Tyler Schmall
Struggling to exercise? When it comes to working out, dressing for success really does work, according to gym lovers.
A new study of 2,000 regular...

Read more »
Image

James Skoufis launches state Senate Campaign
— Assemblyman James Skoufis (D-Woodbury) announced this week his bid to run for State Senate in the 39th Senate District,...
Read more »
Image

Lehigh Avenue developer scheduled to return in June
By Frances Ruth Harris
— The owner of a controversial business at 191 Lehigh Avenue in Chester is expected to return to the...

Read more »
Image

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers


MOST READ

Sponsored Content
Gold's Gym Signs On at Galleria at Crystal Run
  • May 24, 2018

MOST COMMENTED



Find more about Weather in Chester, NY