The Town of Inlet has proposed a local law that seeks to override New York State’s requirement that tax increases for municipalities be limited to two percent.
The proposed law intends to allow the Town Board to adopt an adequate budget for fiscal year 2015, according to the law’s wording.
The Town of Inlet is concerned about uncertainties in the existing tax cap law, the law states.
Among them are county and state-controlled expenditures and revenues that stand to affect the Inlet’s town budget.
Inlet wants clarification as to how these expenditures and revenues will interact with the tax cap.
“The Town Board is obligated to prepare a responsible budget, which meets the Town’s mandate obligation and provides beneficial service, while minimizing the tax burden on the Town citizens,” the proposed law states.
New York State law allows a municipal board to override the tax cap requirement by adopting a local law.
In doing so, a public hearing must be held.
Then a sixty-percent majority of the Town Board must vote in favor for the law to be enacted.
The law would then take effect immediately upon filing with the Secretary of State.
This would authorize the board to adopt a budget in excess of the tax levy limit.
A public hearing on the proposed law has been scheduled for Tuesday, October 14 at 7:45 p.m.
It will be held in the Inlet Town Hall Meeting Room.