Cuomo Announces $23 Million In Savings To Farmers
Governor Andrew Cuomo says farmers across the state have saved over $23 million in the last two years as a result of the Agricultural Land Assessment Cap.
First signed into law by the Governor in 2013, the cap prevents agricultural assessments from being increased by more than two-percent a year. The previous cap was set at ten-percent.
Cuomo says farmers in central New York have saved over $1.6 million.
“Agriculture remains a key driver in New York’s economy, and this administration is committed to helping ensure its strength and vitality,” Cuomo said. “By providing much-need property tax relief to our farmers, we are lowering the cost of doing business and driving growth in this vital industry for years to come.”