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Cuomo Proposes $1.7 Billion Property-Tax Break for New York

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Governor Andrew Cuomo wants to give middle-class New Yorkers a $1.7 billion break on property taxes.

The plan announced at Hofstra University on Long Island today would provide credits to more than 1 million homeowners and another 1 million renters. The plan, which will be included in Cuomo’s proposed budget next week, builds on his effort to control what he says are the nation’s highest property levies.