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: What is "Demonstrated Interest" and why could it be important to your college admissions journey?
Besides the obvious reason of seeing if it is a good fit, there's something called "Demonstrated Interest" which can play an important role and a difference in getting an...
Read more »
Image

Quickbooks Expert Rochelle Dejong: Software
None. Our office utilizes QuickBooks and several other accounting programs such as Quicken, Peachtree or Money Dance and will maintain your files at our office along with a daily...
Read more »
Image

Skoufis announces agreement on video lottery terminal legislation
Senator James Skoufis (D-Hudson Valley) announced late Thursday, June 20, that his legislation to establish a video lottery terminal (VLT) in Orange County has received a...
Read more »

Hands-on education
The AP Environmental class, led by teacher Jill Jeffrey, started in Monroe-Woodbury High School in the 2016 school year.
At the end of the first year, M-W School Board...

Read more »
Image

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers



MOST READ

Local News
Hands-on education
  • Jun 20, 2019
Sports
The comeback kids
  • Jun 20, 2019

MOST COMMENTED



Weather in Monroe, NY