Talk about an election-year windfall.
Not only is the state Legislature and Gov. Andrew Cuomo poised to provide a $350 rebate check to middle-class families this year, Cuomo’s property-tax freeze would include another rebate check to homeowners in communities where local governments stay within the property tax cap.
All of it would come in this mail this fall—right before election time for Cuomo and the Legislature.
Cuomo is proposing a tax freeze for two years. The rebates would range from $350 to $500.
“For those that stay with the cap, they’ll get the difference between how much the cap amount was and staying flat,” said Robert Megna, state budget director.
In order to get a property-tax freeze in the second year, local governments and schools would need to implement a plan to save at least 1 percent in the tax levy.
Cuomo said that local governments need to do more to curb expenses.
“When you hear people complain, they complain about the property tax,” Cuomo said.
Megna said getting the rebate check in year one would encourage local governments and schools to cut spending in year two.
“The relief should go to taxpayers, so the government officials can see the impact of not doing a shared-services plan,” Megna said.