posted on August 12, 2013 13:01
The comptroller’s office says a decline in inflation means the state’s property tax cap in 2014 will be 1.66 percent. The last two years it stood at 2 percent.
Officials say this could mean more tough spending choices for municipalities.
While some residents say the low tax cap hurts schools, Cuomo says it has reigned in property taxes in a state with the highest taxes in the nation.