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Commissioner Shaffer proposes using $282,210 from fund balance to trim Elmsford tax rate by about 1%
Summary
At an Elmsford council work session, members reviewed the tentative budget and discussed a proposal by Commissioner Shaffer to appropriate $282,210 from unassigned fund balance—and up to $372,210 for transparency—to reduce the town's tax rate roughly 1%. Line items for fire and radio systems were also adjusted.
Elmsford, N.Y. — The Town Council on Friday reviewed its tentative municipal budget and discussed a proposal to use unassigned fund balance to lower the tax rate by about one percentage point.
Commissioner Mr. Shaffer told colleagues the town "would be appropriating $282,210 from unassigned fund to balance the budget," and that appropriating an additional roughly $90,000 would produce a 1% reduction in the tax rate. He said that would change the levy from $15,075,000 to $14,985,000 and lower the rate to approximately "$10.73." Council members confirmed the math and noted that a full transparency figure would increase the fund-balance appropriation to $372,210.
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