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Putnam County tentative budget holds levy flat; leaders plan $6.18M from reserves for capital
Summary
Commissioner of Finance told the Audit & Administration Committee the county could have increased its levy under the NYS tax cap but chose to keep the property tax levy unchanged, using reserves for capital and budgeting conservative sales-tax and investment income estimates.
Putnam County’s Audit & Administration Committee heard the County’s tentative 2025 budget on Oct. 8, where Commissioner of Finance Mike Lewis said the administration opted not to raise the property tax levy despite the state tax-cap allowing a larger increase.
"The increase for the property tax levy is 0," Lewis said, summarizing the executive’s decision to hold the levy steady even though the county’s taxing capacity under the state cap could have been substantially higher. Lewis said the property-tax rate fell from 2.85 to 2.70 per $1,000…
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