Issue Position: Reduce Property Taxes

Issue Position

I will reduce property taxes for 443,300 seniors and citizens with disabilities by $1000 and by $800 for 209,500 homeowners earning up to $75,000, by doubling the state appropriation for the property tax reduction program from $322.5 million to $645 million. This is be accomplished by closing corporate tax loopholes that have been closed in 40 other states, increasing state revenues by $300 million, along with freeing up additional state revenues (See Cutting Government Spending).

For all homeowners, I will direct the Office of the Comptroller to focus on municipal and county unnecessary or inefficient spending to reduce the need for property tax increases.

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