Butler: STAR rebate freeze a tax increase
I am calling for the removal of the STAR Exemption freeze on growth to be removed from the state budget proposal. Governor Cuomo had placed in his budget a freeze on the growth of STAR Exemptions which help homeowners with increases to property taxes.
In a public hearing held in Albany this week, Executive Deputy Commissioner Nonie Manion of the Department of Taxation and Finance admitted that the freeze would constitute a tax increase on homeowners. Video of the exchange can be found here: http://ow.ly/
Budget gimmicks and hidden tax increases like the Governor’s STAR Exemption freeze is why we spend the time poring over his budget proposal. I am calling on my fellow legislators to insist that this tax increase be removed from the budget. Middle-class families are struggling as is and a freeze on the growth of their STAR Exemptions will add to their financial burden. The freeze must go.
Estimates say this would cost taxpayers roughly $148 million over the next two fiscal years.
Video of Manion’s extended remarks and testimony can be found here: http://ow.ly/mPuz308Oqmc
Please note the following time marks:
∫ 16:35-21:55 and 44:47 — Manion cannot answer questions as to why Property Tax Rebate checks have not been issued to homeowners and blames other factors as the reason for the department missing its statutory deadlines
∫ 48:16-49:03 — Manion admits STAR freeze will result in property tax increases on homeowners
Assemblyman Marc W. Butler (R,C,I,Ref-Newport)