Shortly after the ink dried on his signature on New York's property-tax cap law, Gov. Andrew Cuomo took a victory lap around the state.

"It will help revitalize the state's economy and send a message to the rest of the country that New York is no longer the tax capital of the nation," Cuomo said at a ceremonial signing last week in Monroe County.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.