Prescribes Requirements for Excess Funds to Be Placed in Reserve
The Comptroller requires excess tax funds be placed in a reserve fund if a local government:
- exceeds the tax cap due to clerical or technical errors; or
- exceeds the tax cap without complying with cap override rules.
For those who can't get laid, the full Property Tax Cap legislation can be found here.
Does that sound like the tax revenue that exceeds the cap is placed in a special fund and cannot be used for the reasons it was raised in the first place? Tough love.
Meanwhile, Ken Crowe at the Times Union has some great tweets from the Council Meeting:
Officer Josh Comitale spoke against cutting ERT training and explained that ERT Training saved his life. Doubtful anyone will argue with that opinion.
We wonder if Chief Tedesco would actually regret having to disband the ERT Team. Also, might need new cell phones for police.
Bob Doherty (D-4) stated the city is in fiscal crisis and he would vote to override the tax cap. He also said that he would personally take in 13 Syrian refugees.
Council President Wiltshire is laying blame, according to Ken Crowe.
Councilman Gordon offered to cut 911 funds. He votes no.
We think Councilwoman Robertson may be the key. We can't believe we just wrote that. Doherty, Bodnar, Galuski, Sullivan-Teta, and Kopka will probably vote to override. Will Robertson?
Exciting stuff. We'll check back tomorrow. Good night and good luck.