Via Liz,Senate Majority Leader Dean Skelos has categorically ruled out tax increases on the super-rich to help balance the budget, relying instead on average New Yorkers to carry that burden.

Meanwhile, the Assembly has passed legislation incorporating the so-called circuit breaker, a prime objective of the Working Families Party, which is opposing the governor's plan of a tax cap. The legislation links property taxes to an owner's ability to pay. To that, via email, WFP's Dan Cantor said:

“Speaker Silver and members of the Assembly have offered a roadmap to solving the very real problem of property taxes that bear no relation to what working and middle class families can afford. They should be congratulated today for the triumph of common sense. The Assembly bill would provide real cuts in property taxes for working and retired families – paid for in a fiscally responsible way – while preserving our state’s commitment to quality public education.

“It’s time to let democracy work. It’s time the State Senate notices that more than 15,000 New Yorkers reached out to their legislators and the Governor to say that the so-called property tax cap is nothing more than an arbitrary restriction on local investment in public education that does nothing to address the property tax mess.”

I see competing one-house bills coming, what about you?

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