THE TAX CAP TRAP – HOW IT IMPACTS YOU. This past week, New York's Governor, Andrew Cuomo, unveiled a proposal of a 2% Property Tax Cap. Although the name “tax cap” sounds good, the real effect is a tax increase. Property tax caps are a fraud. The issue is not capping property taxes, the issue is ending unfunded state mandates and project labor agreements. What the tax cap does, is treat the symptom, not the cause. New York State has the highest property taxes in the country. New Yorkers cannot afford any more increases nor can we afford to lose businesses or residents who are leaving this State in mass. We propose an annual property tax DECREASE in the amount of 2% per year, plus a 2% annual budget reduction until New York State is in a sound fiscal condition. We also propose: NO MORE UNFUNDED MANDATES. If you agree, SIGN OUR PETITION!