New York State Commission On Property Tax Relief
In January 2008, Suozzi was named chairman of the New York State Commission on Property Tax Relief by then-Governor Eliot Spitzer. The bipartisan commission was tasked with "examining the causes of high property taxes, identifying ways to make the State’s property tax system fairer, and developing a fair and effective school property tax cap to hold the line on property tax growth." The Commission held 11 public meetings throughout New York State and Suozzi released the Commission’s preliminary report in June 2008. The report calls for a cap on the property tax cap levy of school taxes at 4 percent or 120 percent of the Consumer Price Index (CPI), whichever is less. The Commission also recommended that, once the cap is enacted, a circuit breaker be put in place, as well as more than 20 recommendations to reduce mandates on school districts and address the root causes of high property taxes.
Following the release of the Commission’s preliminary report, Governor Paterson accepted the Commission’s main recommendation and introduced legislation that would cap school property taxes at 4%. The State Senate approved the Governor’s legislation in August.
The Final Report by the New York State Commission on Property Tax Relief will be submitted by December 1, 2008.
Read more about this topic: Thomas Suozzi, Political Life
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