In 2011, Jack enacted the state property tax cap to end the endless cycle of skyrocketing property tax increases. Statewide, the cap has saved property taxpayers over $15 billion since it was adopted in 2011.
To ease the burden on state taxpayers, Jack worked to pass fiscally responsible, on time state budgets that capped spending. By controlling state spending, these budgets included two of the largest personal income tax cuts in state history for the middle class–reducing tax rates for middle class families to the lowest level since 1948. When fully effective, the 2016 tax cut passed by Jack Martins will cut income taxes by more than $4 billion per year.
To help ease the burden on property taxpayers, Martins eliminated the unfair Gap Elimination Adjustment that shifted state school aid from Long Island schools to New York City. Last year, Jack voted for record state school aid increases–completing the phase out of the GEA which had been imposed on Nassau County schools prior to Martins’ election to the State Senate.
In addition, Jack repealed the MTA Payroll Tax for small businesses, schools and libraries and restored the state property tax rebate check program that had been taken from Nassau County property taxpayers when the New York City politicians had complete control of state government.
April 20, 2017