Legislative update – success!
NYSAR is pleased to report that we were successful in accomplishing several of our 2011 legislative priorities! The 2011 New York State legislative session drew to a dramatic close two weeks ago. NYSAR is thrilled to report that New York State has enacted into law, for the first time, a cap on real estate property tax levies. This is tremendous news for NYSAR and most importantly New York’s homeowners and businesses. The legislation was signed by Governor Cuomo and will take effect in the 2012 state fiscal year.