Is a 2 percent cap possible in the Assembly?

Assembly Speaker Sheldon Silver said it is. Maybe. Possibly.

Silver, speaking to reporters after huddling in a short Democratic conference this afternoon, said a 2 percent cap could pass his chamber. But some exemptions may apply.

“Obviously it would have a cap on property taxes, probably the 2 percent the governor has in it, and probably beyond that we’ll have a discussion.”

But Silver said exemptions could be built in to the measure, which he dismissed as minimal.

A news conference held by Senate Republicans tried to re-frame the argument that Silver was being recalcitrant on the property tax cap.

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