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Thursday, June 25, 2015

The Niagara USA Chamber issued a press release announcing their support of a decision by Gov. Andrew Cuomo and the heads of both bodies of the state Legislature to extend the tax cap.

The Chamber release says it would prefer a permanent cap, but is "pleased with a four-year extender."

The statement follows in its entirety:
As the current legislative session winds down in Albany, the Niagara USA Chamber is pleased with a tentative agreement between Governor Andrew Cuomo and the elected officials of the Assembly and Senate regarding the 2 percent property tax cap. The Chamber has been a vocal supporter of the cap since its inception and we are glad to hear there is the possibility of extending the cap for another four years. This cap has greatly reduced growth in property taxes and has been a welcome relief to residents and businesses throughout the state. While the Niagara USA Chamber would prefer to see relief for its members in the form of a permanent cap, we are pleased with a four year extender. On behalf of our members we urge all elected officials to support this agreement and pass legislation extending the 2 percent property tax cap.

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