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View Diary: Cuomo's Property Tax Cap is a terrible idea (26 comments)

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  •  From the horse's mouth (2+ / 0-)
    Recommended by:
    Cedwyn, neroden

    Cuomo's campaign site has a PDF including the property tax cap pledge. Still reading through it to try to find actual details, instead of pre-announcement leaks by anonymous aides.

    •  Found the details. (3+ / 0-)
      Recommended by:
      Cedwyn, neroden, BachFan

      It looks bad.

      Really, really bad.

      The cap is the lesser of inflation (presumably CPI) or 2%. So, if inflation runs at 3%, school budgets would be forced to shrink by 1% in real terms. Because, yes, the cap applies to school taxes. It applies to fire districts, too.

      Exceptions require approval of the relevant board plus a 60% popular vote.

      Terrible, horrible, no good, very bad idea.

      I mean, yes, NY property taxes are high. As Cuomo's PDF points out, as a proportion of property values, upstate NY taxes are the highest in the nation. But if you want to fix the problem, don't do so by unthinkingly copying the kind of policy that has turned California into an ungovernable state.

      Since when did low taxes become equated with fiscal responsibility? The opposite is true: fiscal responsibility is about making sure that you have enough tax revenue to cover your spending.

      •  OK, that's it, opposing Cuomo for now. (1+ / 0-)
        Recommended by:

        This is a disastrously stupid proposal.  Let's publicize this and maybe Cuomo will change it.

        In my area, the board will approve the exceptions every time, and the 60% popular vote will be... achievable.  But the rest of the state will get hammered, and my area will become more and more unaffordable (but still attractive due to good schools, fire protection, etc.)

        -5.63, -8.10. Learn about Duverger's Law.

        by neroden on Mon May 24, 2010 at 01:04:12 PM PDT

        [ Parent ]

        •  Ironically it'll probably become more desirable (0+ / 0-)

          in contrast to the rest of the state.

          Having a functioning fire department is normally considered important. And I know my school district could stick a funding request for a moon shot in the budget and it'd pass comfortably: this part of Long Island appreciates the value of education.

          I was even disappointed when Nassau County decided to "Join Ed's Tax Revolt", despite kind of expecting that kind of BS from Republicans. From a Democrat, who's otherwise supposed to be a fairly decent Democrat? Most discouraging.

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