Special Meeting Regarding Tax Cap Compliance

The village board of trustees will hold a special meeting Wednesday regarding the proposed 2013-14 village budget and the tax cap compliance target.

The meeting will begin at 8 p.m. in the village hall boardroom.

At the April 1 organizational meeting, village trustees held a public hearing on a local law to authorize a property tax levy in excess of the limit established in general municipal law Section 3-c so as to permit the village to override the state imposed property tax levy cap for the fiscal year commencing June 1, 2013.

The local law passed unanimously.

Trustees are required to enact legislation each year to override the cap for that year. The board wound up not having to override the cap last year. Trustees are hoping that's the case this year as tough budget talks continue.

Village counsel Gary Fishberg said the law is protective in nature. "Hopefully the village will not need it, will not use it," he said. "If it's necessary to go over the cap this will permit the village to do so. If the village believes it stays within the cap but on some recalculation by the comptroller's office is a finding that the village somehow missed that number this will protect the village against the consequences."

The meeting is open to the public; residents are encouraged to attend.