Little notes that Massachusetts - once known as "Taxachusetts" - enacted legislation capping property tax growth many years ago.
Before capping taxes, Massachusetts was ranked among the highest taxed states in the nation. Now, the state ranks in the 20s and 30s, Little says.
"They [the people of Massachusetts] learned to live with it," she said. "They had some exceptions. They do allow for newly-assessed property to not be included in the tax cap that year, and I know that's one of the things the Assembly has in their package."
Little says negotiations will continue this week, and she notes that Cuomo has provided "real leadership" on the matter.
"We have our sides, and we have some differences in what was on the Governor's bill - the Assembly's bill is a little different - but it will be negotiated," she said. "And I believe we will enact a tax cap this year - and that's an historic moment for New York state."
Cuomo also wants ethics reform and marriage equality legislation enacted before the session ends. Little believes ethics reform is likely, but she doesn't expect lawmakers to reach an agreement on gay marriage in this session.