Senate Passes Bill That Provides $3.1 Billion in New Property Tax Relief, Extends the Tax Cap, and Implements Significant Education Reforms

The New York State Senate today passed an end-of-session measure that will bring $3.1 billion in new tax relief to property owners, extend the existing property tax cap to deliver additional savings and create new jobs, improve affordable housing statewide, and continue the Senate’s ongoing commitment to ensuring that every child has access to a quality education.