By eden laikin
Nassau County Executive Edward P. Mangano today urged state lawmakers to extend the State’s 2% Property Tax Cap which is set to expire next year.
County Executive Mangano joined Governor Andrew Cuomo at a press conference today and said that State Legislators should not leave Albany this June without extending the Property Tax Cap.
New Yorkers and businesses throughout the state, have saved $7.6 billion since the 2% Cap was enacted in 2011, Mangano said.
The tax cap, which limits local government and school district tax increases to 2%, or the rate of inflation, expires next year. It’s estimated that 70% of taxpayers across the state support the cap.
The officials gathered at the Knights of Columbus in Seaford for the announcement.
“The tax cap is crucial for communities on Long Island, as property taxes have been among the most oppressive financial burdens that homeowners have had to shoulder in order to live on Long Island,” Mangano said. “It’s time that the local and state governments work together to put homeowners first and stop chasing families and businesses out of New York State because of the never ending increase in property taxes.”
County Executive Mangano said the tax cap, in addition to other county government measures, has already made Nassau County “a more affordable place to live, work and raise a family.”