State Senate moves to curb city’s ability to raise property taxes
A bi-partisan group of state senators successfully pushed for passage of a bill that would force New York City to cap property tax increases at two percent a year, a move that supporters said would help homeowners get a better handle on their household budgets.
Brooklyn senators Marty Golden (R-C-Bay Ridge-Southwest Brooklyn), Diane Savino (D-Coney Island-Bensonhurst-Staten Island) and Simcha Felder (D-Borough Park-Midwood) all signed on to the proposed legislation sponsored by state Sen. Andrew Lanza (R-Staten Island). State Sen. Tony Avella (D-Queens) also voted for the bill.
The bill was approved by the State Senate on March 19.