One of the most important pieces of legislation in New York that should be passed is the Equity in Education Act, re-introduced this session by Assembly-Member Kevin Cahill of Ulster and Dutchess Counties.
The Equity in Education Act legislation has many benefits for many people and the environment. It transitions over 5 years the way public education is financed from property taxes on homes and farms and open lands to income, the ability to pay.
Not only would all NY school kids from “rich” or “poor” districts be assured of a basic quality public education, but farmlands will be protected from development. Now farms and farmlands are taxed on their “highest and best” use, as if the land were developed with condos, not a farmers income or if they have a crop failure of flood that destroys a years efforts,
The homes of at-risk families of modest means be protected, and many people, the young, seniors, victims of some catastrophe, and others would not be forced to ransom their homes annually to fund public education while the beneficiaries of public ed, the richest and most able to pay evade giving -back to society that makes their success possible!! Progressive income tax brackets must be reformed just like our property taxes and a quality education for ALL NY kids!!
Along with this critical legislation is the changes in NY income tax rates that in 1972 were shifted from the wealthiest to the middle-class and poor. The previous 14 income-tax brackets from 2% to 15% were reduced drastically to benefit the richest. The bottom two brackets eliminated hurting the poorest and the top 9 brackets eliminated to gift the rich $8 Billion annually. That loss of $8 Billion annually was the beginning of the skyrocketing rise in local property taxes. fees and other costs to those least able to Afford them!
I urge all New Yorker’s to support the Equity in Education Act and call your elected representatives to demand it becomes law! About 85% or so NY’kers will pay less and have Home Security!
I attach the act text in full below.