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Cuomo proposes property tax cap

Attorney General Andrew Cuomo will seek to cap property tax increases at 2 percent or the rate of inflation, a figure lower than caps proposed by Gov. David A. Paterson and Rick Lazio, who is seeking to succeed Paterson, a source close to Cuomo told Newsday Tuesday.

The announcement comes in advance of Cuomo's widely expected announcement that he'll seek the Democratic nomination for governor...

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