News: Spotlight Content

Senator Skelos on what New York needs to grow

About a week ago, my colleagues afforded me the privilege of representing them as senate majority leader. Since then, I have traveled to Buffalo, Rochester, Syracuse, Binghamton, Utica and other locations across Upstate to introduce myself to local leaders and to listen to their concerns. After my trip, I had two immediate observations: one, Upstate N.Y. is alive with ingenuity and determination, and its residents are working harder than ever to raise their families and improve their lives And two, many of those same families are working paycheck to paycheck and really struggling to make ends meet. They're feeling the crush of rising property taxes, rising gas prices, rising energy and health care costs, and the rising costs of necessities like bread and milk, and they need some relief. Upstate New York's economy is facing real challenges. Once a proud manufacturing hub with robust job and population growth, Upstate now lags behind the nation in job growth and competitiveness. We must lay a stronger foundation so workers can have good jobs, pay as little as possible in taxes and be successful in Upstate N.Y. Not long ago, Long Island faced these same issues: the downsizing of manufacturing and defense-related industry jobs, and young people leaving the area to seek greater opportunity elsewhere. We have worked hard to stop those losses through a partnership between industry, labor and our university and because Upstate already has many of those partnerships in place, it too can do the same. Just last year, the senate majority passed "UpstateNow," a comprehensive plan to create jobs and opportunity in cities and towns all across the region. The plan would transform and revitalize the Upstate economy, generate billions of dollars in new investment and create thousands of new jobs for New Yorkers who need them. UpstateNow includes initiatives to reduce taxes, energy and health care costs for employers; strengthen small businesses, manufacturing, agriculture, tourism and other key industries; make Upstate an international leader in new and emerging technologies; revitalize downtowns and local communities; support clean, renewable energy; strengthen the workforce; and enact sweeping reforms to make the region more competitive. We kept the pressure on for nearly a year, and as part of this year's budget we secured more than $1 billion for new capital investments for public colleges and universities - as well as investment in businesses to create jobs across the state - especially in Upstate N.Y. And we will do more. During the budget process, the senate majority rejected proposed increases in broad based taxes, including an assembly plan that would have given New Yorkers the highest income taxes in the nation and hurt our efforts to revitalize the Upstate economy. Before the legislative session closed, we were able to reform the state's Brownfield Cleanup Program to clean up and redevelop abandoned industrial sites to help revitalize Upstate cites, while also making the program more accountable to taxpayers. When it comes to the property tax crisis N.Y. is facing, the senate majority is committed to delivering a result that provides real relief, and we are working toward that goal. There has been much discussion about enacting a property tax cap, and if a cap is part of the solution then we will support a cap. However, it needs to be part of a more comprehensive fix that provides mandate relief for schools and actually reduces taxes for homeowners. It's important to note that the senate continues to be the only house to approve a property tax cap in any form, the only house to introduce the governor's property tax cap program bill, and the only house that has shown a willingness to address this important issue. As we have repeatedly made clear, providing real property tax relief continues to be the top priority of the senate majority conference. The senate majority fought against toll hikes imposed by the Thruway Authority, won a cap on gas taxes two years ago, called for a "summer gas tax holiday" this year (which was rejected by assembly democrats) and stopped the car tax and new taxes on gasoline that were advanced in this year's executive budget. And we will continue to work to cut taxes and create an environment more conducive to job creation and economic growth so Upstate families can be assured of their economic and financial security. Dean Skelos is the majority leader for the NYS Senate.
MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.