Senate approves 2 percent cap on N.Y.C. tax increases
March 20, 2015
ALBANY—The Republican-led Senate approved legislation Thursday to set a cap on tax increases in New York City.
The bill, sponsored by Senator Andrew Lanza of Staten Island, would establish a 2 percent cap on property tax increases in the five boroughs, similar to the statewide 2 percent cap that exempts New York City.
MEDIA CONTACTS
Jamie McShane
Senior Vice President of Communications
jmcshane@rebny.com
212-532-3100
Nicole Chin-Lyn
Assistant Vice President of Communications
nchinlyn@rebny.com
212-532-3100
