Tax cap = unlimited tax increase

Moving south?

Its graduation season in the Finger Lakes.   Many of our kids leave the area as soon as the ink dries on their diplomas.  In today's New York Post, Fred Siegel has the numbers.

...a recent Marist poll suggests that the rate is likely to increase: 36 percent of New Yorkers under 30 plan to leave over the next five years. Why are all these people fleeing?...

Indeed, the poll also found that 62 percent of New Yorkers planning to leave cited economic factors -- including cost of living (30 percent), taxes (19 percent) and the job environment (10 percent) -- as the main reason.

Upstate, a big part of the problem is extraordinarily high property taxes. New York has the country's 15 highest-taxed counties...

Rather than a tax cut, Andy Cuomo promised us a "2% tax cap".  That's actually a continuation of the pain, as a 2% increase isn't pocket change, and it would compound annually.  And now, Lonely Conservative explains that we're going to get the Sheldon Silver version of the "cap," which is actually a green light for unlimited tax increases.

The Republicans are going along with this cockamamie scheme. They say property and school taxes probably won’t increase by more than 3%. But with pension costs jumping  by as much as 42% how on earth will that happen? Good grief, these people are insane.