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Board opens public hearing on local authorization to exceed tax cap; trustees outline growth factor and assessment increases
Summary
Trustees opened a public hearing on a proposed local law to authorize a property tax levy in excess of the state 2% tax cap under General Municipal Law A7 3-c, discussed growth and assessment changes driving levy pressure and closed the hearing by motion with roll-call 'Aye' votes from several trustees.
The board opened a public hearing on a proposed local law authorizing the village to levy property taxes in excess of the state's 2% cap under General Municipal Law A7 3-c. An unidentified official outlined why the village seeks authorization as a routine, precautionary measure recommended by municipal legal counsel and the conference of mayors to protect the village from later corrections tied to the state's "tax gap"…
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