Village of Homer, NY

6 days ago

The tax cap for next year is 2%. The amount of $ the Cortland County Legislature voted to take from our share of the sales tax is $69,000 per year for the first 5 years, at which point they take more for the next 5.

$69,000 is roughly a 2% tax increase in the Village, meaning we will need to vote to override the tax cap, or figure out which services to cut.

We can absorb a 1-time charge, but this is a 10-year charge that amounts to nearly 3/4 of a million dollars. To absorb that, we need to raise taxes or cut services.

Our plan is to put it to a vote in November, either to raise taxes or to cut services in one of 4 places, TBD. It's only fair to let the residents of the Village of Homer vote on how they would like us to deal with this problem.

- Mayor Hal McCabe

blog.timesunion.com/capitol/archives/283200/comptroller-calculates-2-percent-tax-cap-for-2019/?ut... ... See MoreSee Less

Comptroller calculates 2 percent tax cap for 2019

blog.timesunion.com

Municipalities will face a 2 percent tax cap for the 2019 fiscal year, according to state Comptroller Thomas P. DiNapoli. Local governments will only need a majority vote to approve tax increases b…