Taxpayers for an Affordable New York v. State Board of Equalization & Assessment

—Mercure, J.

Appeal from an order of the Supreme Court (Harris, J.), entered June 20, 1994 in Albany County, which granted certain defendants’ cross motion for summary judgment dismissing the complaint for lack of standing.

This controversy centers upon defendant New York City’s constitutional real estate taxation limit for the 1991-1992 fiscal year. The NY Constitution restricts the amount of annual real estate tax that may be raised for local purposes in New York City to 21!2 % of the average full valuation of the City’s taxable real estate, determined by taking the assessed valuations of…