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Oswego trustees coalesce on 2% levy cut, punt detailed grocery-tax/water-credit decision for follow-up meeting
Summary
After extended discussion of a projected roughly $1 million surplus, trustees agreed by consensus to include a 2% reduction in the 2026 property-tax levy in the draft budget and directed staff to continue studying options to use grocery-tax revenue to offset water-rate increases (one option under review: a roughly $600,000 program that would translate to an approximately $8-per-bill credit) and other priorities such as a modest senior-center increase.
Finance Director Andrea told trustees the village was projecting a roughly $1,000,000 general-fund surplus in the 2026 draft budget and outlined several options for its use: transfer to capital, an increased contribution to the senior center, a one-time resident utility credit (estimated at $50 per account) or a recurring credit built into water bills using grocery-tax proceeds, or additional payment to the police pension fund to reduce the unfunded liability. She emphasized timing constraints around the property-tax levy but said the larger surplus-allocation debate could be…
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