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Committee discusses property-tax "circuit breaker" resolution to protect long‑term low‑income homeowners
Summary
A council member introduced a resolution directing city staff to explore a property-tax circuit breaker to cap tax burdens for long‑term and low‑income homeowners; council members supported the aim but raised funding and equity questions and asked to work with administration and the state to model fiscal impacts.
A council member introduced a resolution to the Buffalo City Committee on Finance on Tuesday, June 2025, asking the city to explore a local property-tax "circuit breaker" to protect low-income and generational homeowners from displacement caused by rising property-tax burdens.
"The purpose of this resolution is to protect low income and generational homeowners, in the city of Buffalo from displacement," the sponsor said, explaining the proposed program would cap property taxes as a percentage of household income and that criteria—such as residency, length of ownership,…
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