by the lesser of 2 percent or the change in the Consumer Price Index. In practice, the assessed value of state-owned lan
LOBBY DAY 2014
OPPOSE
Reject Capping State Taxes on State Land Revenue Bill, Part F (A.9509-A/S.7509-A) The Executive Budget proposes to apply aspects of the property tax cap to set taxes the state pays to school districts and municipalities on land it owns. Going forward, state tax payments would increase by the lesser of 2 percent or the change in the Consumer Price Index. In practice, the assessed value of state-owned lands often increases by more than 2 percent or the change in the CPI. To the extent that occurs, capping taxes on state lands at a lesser figure would have the effect of either shifting a larger share of the total tax levy on to local taxpayers, or forcing schools and municipalities to operate with less revenue in order to spare their taxpayers from that impact. Communities with large amounts of state land already have a limited tax base, thus compounding the negative impact of shifting more of the tax burden onto residents and businesses. State land that cannot be developed also has less taxable value than land that could have been privately developed. These communities may already sacrifice a great deal in terms of their tax base, this proposal would increase the burden on local taxpayers and should be soundly rejected. The Council strongly opposes this proposal and urges its rejection.
N EW Y ORK S TATE C OUNCIL 7 Elk Street Albany, NY 12207-1002
