They're back...well, almost... PDF Print E-mail
Governor Paterson has called the State Legislature back to Albany for an extraordinary session on Wednesday, July 28, at 6 p.m.. In addition to the approving the final piece of the State budget – a revenue bill authorizing nearly $1 billion in new taxes, which was acted upon by the Assembly but has not yet been approved by the Senate – the Governor's agenda contains other issues that were not addressed during the regular Legislative session. One such issue of particular importance to local governments is the Governor's proposed property tax cap. Other items for discussion are expected to be the soda tax, a proposal to sell wine in grocery stores, and greater flexibility for the state university system to set tuitions.

In other news, earlier today State Comptroller Tom DiNapoli released his 2010 Annual Report on Local Governments which illustrates the significant negative impacts the recession has had on local governments statewide. The report specifically references the significant declines in taxes and other local revenues and the Comptroller states that "regaining what has been lost is not likely in the next year." Clearly this is not the time for a property tax cap......