06/03/2008
CONTACT: Mike Elmendorf, 518-434-1262 or Jason Brewer, 202-406-4435
ALBANY, N.Y. -- All or part of the following may be attributed to Mike Elmendorf, state director of National Federation of Independent Business/New York, in response to the release of the Property Tax Cap Commission.
Today's report by the Property Tax Cap Commission, outlining a realistic, achievable and effective plan to cap the growth of property taxes which have been sapping our competitiveness and driving people from their businesses and homes, is welcome news. New York's highest-in-the-nation property tax burden is a key reason why we also have the second-highest cost of doing business in the country. This staggering tax burden is a double-whammy for small business owners, who get hit by the tax man at their business and in their homes. That's why 83 percent of small business owners recently polled strongly supported a property tax cap -- and why NFIB will be fighting for its enactment.
