Legislators will vote on exceeding the 2% “tax cap” in October
From Allegany County NY,
In October, the Allegany County Board of Legislators will consider adopting a local law that would authorize a property tax levy increase in excess of the statutory two percent tax cap. The measure, which does not obligate the legislature to increase the levy, provides flexibility to address growing concern about the stability of state and federal funding.
Board Chair Brooke Harris explained the Board’s anticipated action saying, “The Board has no intention of raising the property tax rate in 2026. However, the uncertainty surrounding Albany’s reaction to changes in federal funding, particularly in relation to SNAP and Medicaid cuts, requires us to prepare for the worst. It’s always the Board’s goal to lower taxes, and that’s our goal this year. Unfortunately, we need to be realistic and anticipate that the State would sooner pass increased costs on to counties than to improve inefficiencies in the administration of their programs.”
Like all local laws, there will be a public hearing to address residents’ concerns. Harris continued, “The Board welcomes public feedback. I encourage all those with interest in this local law to attend the meeting and share their thoughts. When the public hearing is scheduled, notifications will be sent to the public via media outlets, on our website, and through social media.”
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