Monday, October 19, 2009
7pm – 9pm
East Fishkill Town Hall
330 Route 376, Hopewell Junction, NY 12533 (Map)
A public forum hosted by Assemblyman Marcus Molinaro, featuring the Omnibus Consortium that wrote the Circuit Breaker legislation.
A G E N D A
I. Welcome, Overview of the Agenda, and Introductory Remarks
Assemblyman Molinaro 10 minutes
II. New York State’s Local Property Tax System Including Current Approaches to Property Tax Relief and Comparisons with Other States
Frank Mauro, Fiscal Policy Institute (www.fiscalpolicy.org) 25 minutes
Responsibilities of local governments in NYS for the delivery of public services: basic municipal services, public infrastructure, education, safety net programs
– Sources of funding for these responsibilities (state aid, property taxes, other taxes, fees, other); variations within the state; and changes over last several decades
– New York’s current and recent approaches to property tax relief (the STAR exemptions, the Enhanced STAR exemptions for seniors; the STAR rebate checks; the deductibility of property taxes on state and federal income tax returns; the local option senior citizen exemption, other local option exemptions such as those for veterans.
III. Options for the Future
John Whiteley, NYS Property Tax Reform Coalition, Omnibus Consortium 25 minutes
– What are property tax circuit breakers? How do they work? How should a Middle Class Circuit Breaker for NYS be structures?
– Comparing the advantages and disadvantages of establishing a Middle Class Circuit Breaker vs bring back the STAR rebate checks
– Thinking about long term reform of the property tax system and New York’s approach to financing the services for which local governments are responsible; the Omnibus Tax Relief and Reform Act as an approach to combining short term property tax relief with long term reform.
Question and Answer Period
Moderated by Assemblyman Molinaro 45 minutes
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