In Albany, Nixon backs tax cap, but has plan to ease override procedure

June 8, 2018. This articles discusses how gubernatorial candidate, Cynthia Nixon, expressed her support for the two percent property tax cap and that overriding it should be easier if residents of a school district want to exceed that cap during an Albany meeting with school superintendents. Multiple organizations, including the Fiscal Policy Institute, weighed in during the meeting about the impact of tax cuts.

Before Nixon arrived, superintendents heard from state finance experts Frank Mauro and E.J. McMahon on how the Republican/Trump tax cuts may affect their finances.

Mauro, who is the emeritus director of the union-backed Fiscal Policy Institute, said the state may want to keep the “millionaire’s tax” in place after its sunset date at the end of 2019 in order to ensure there is enough state aid.

Here is a link to the Times Union.