From the Morning Memo:

Senate Majority Leader Andrea Stewart-Cousins on Wednesday remained hopeful an agreement could be reached on extending the state’s cap on property tax increases permanently in the final state budget deal this week.

“I think we’re working towards that,” she told reporters. “People are concerned about taxes and certainly there’s been from the governor and as well as from my own conference a need to be sensitive to that. So I think there may be an agreement.”

The state Senate in February approved the measure as a standalone bill. But the Assembly is yet to take up the legislation, and Speaker Carl Heastie has said the cap is unlikely to expire next year.

The cap limits tax levy increases to 2 percent or the rate of inflation, whichever is lower.

Gov. Andrew Cuomo has called a permanent tax cap a key piece to be included in a budget agreement given the federal government limiting state and local tax deductions to $10,000 — a provision in the federal tax law of 2017 that hurts especially high tax states like New York.

Cuomo has said he would resist changes that would make the cap easier to override or end linking it to inflation. But some lawmakers have sought tweaks that would allow for some growth in a community’s tax base without having to raise taxes.