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County Administrator Distributes Briefing Document on Governor’s Circuit Breaker Proposal

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County Administrator Distributes Briefing Document on Governor’s Circuit Breaker Proposal

Tuesday, March 3, 2015

County Administrator Joe Mareane distributed to Legislators a briefing memo on Governor Cuomo’s circuit breaker proposal, a $1.66 billion dollar plan that would provide a sliding-scale income tax credit for homeowners and renters whose property tax bill exceeds 6% of household income.  The credit, which would be phased in over a four-year period would be linked to the property tax cap, and would apply only to those residing in “tax cap compliant” jurisdictions. 

Mr. Mareane’s “white paper” memo summarizes how the circuit breaker would work; notes concerns with how it could impact the County’s ability to provide services in the future; and recommends that the $1.66 billion be redirected to pay for the cost of State programs and obligations, such as Medicaid, that have been shifted to counties.  Through such mandate relief, the report states, the State could reduce county property taxes across the state by one-third and provide broad-based property tax relief to all property taxpayers, rather than to only some homeowners and renters.

Read Administrator Mareane’s report at www.tompkinscountyny.gov/ctyadmin.