Feb 22, 2012 9:59 AM
Southampton Village lawmakers said this week that they plan to take a crucial first step toward making it possible for the village to exceed the new state-imposed tax levy cap as they draft their budget for the 2012-13 fiscal year this spring.
The Village Board on Tuesday evening introduced a local law that would give the mayor and four village trustees the authority to pierce the 2-percent tax ceiling adopted by the state last year.
Village Attorney Richard DePetris noted that adopting the law does not mean that the village will necessarily pierce the cap. But if the village finds itself in the position that it needs to exceed the 2-percent limit, it must have the authority to do so or it would be forced to make cuts to stay within the... more
The Village Board on Tuesday evening introduced a local law that would give the mayor and four village trustees the authority to pierce the 2-percent tax ceiling adopted by the state last year.
Village Attorney Richard DePetris noted that adopting the law does not mean that the village will necessarily pierce the cap. But if the village finds itself in the position that it needs to exceed the 2-percent limit, it must have the authority to do so or it would be forced to make cuts to stay within the... more
