NY Property Tax Caps Under Siege | Albany News

New York’s property tax cap is under siege as cities, towns, villages, and even counties scramble to override the two percent limit—up sharply since 2022—with state comptroller Tom DiNapoli warning local governments are feeling financial pressure from rising costs, fading pandemic aid, and slowing sales tax growth. Albany and Buffalo lead the charge amid massive budget shortfalls, while school districts face tougher odds thanks to their stricter 60% voter approval threshold. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3dcd8f67c5c90c13