Fund to hold down property taxes gets extra $50 million in state budget
Originally published in
Newsday
on
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“It’s a huge win for our local governments,” state Sen. Monica Martinez (D-Brentwood), chair of the Local Government Committee, told Newsday. “We have not kept up with the rising costs so local programs are being cut.”
The Senate, Assembly and Gov. Kathy Hochul have agreed to the $50 million increase, which is expected to be released in a budget bill on Friday. The fund totaled $715 million in the state budget that expired April 1.
The increase in funding for villages, towns and cities outside New York City and was a top goal of Long Island municipal leaders.