Chenango backs away from taxation limit
NORWICH – Chenango County’s economic status appears to have slightly improved since 2004 when the state’s comptroller’s office declared it was fast approaching its Constitutional Tax Limit.
The Treasurer’s Office was notified Dec. 11 that the county is now in a “caution zone” at 87 percent of the limit. The state is required to withhold certain aid payments from local governments if the taxes levied against citizens is in excess of growth.
Deputy Comptroller Mark Pattison said Chenango County’s proximity to the tax limit “warrants close attention by all involved with the budget process.”
With the budget process complete, county Treasurer William E. Evans said he expects to see “a slight improvement” in the ranking for 2007.
“When we send in our budget for next year, which shows some growth in assessments and a reduction in the levy, it would be our expectation that we would see a slight improvement in that ranking again.”
The county was at 88 percent of the limit in 2004 and 92 percent in 2005. (Lawmakers were unable to take a debt exclusion for the Chenango County Public Safety Facility that they had hoped would bring the percentage down to 81.5 percent in 2005.)
Counties routinely receive such a letter from the state when they cross the 80 percent threshold. Chenango County received its first notice in 1997 when it was raising a large sum of money for the Pharsalia landfill site.
The Treasurer’s Office was notified Dec. 11 that the county is now in a “caution zone” at 87 percent of the limit. The state is required to withhold certain aid payments from local governments if the taxes levied against citizens is in excess of growth.
Deputy Comptroller Mark Pattison said Chenango County’s proximity to the tax limit “warrants close attention by all involved with the budget process.”
With the budget process complete, county Treasurer William E. Evans said he expects to see “a slight improvement” in the ranking for 2007.
“When we send in our budget for next year, which shows some growth in assessments and a reduction in the levy, it would be our expectation that we would see a slight improvement in that ranking again.”
The county was at 88 percent of the limit in 2004 and 92 percent in 2005. (Lawmakers were unable to take a debt exclusion for the Chenango County Public Safety Facility that they had hoped would bring the percentage down to 81.5 percent in 2005.)
Counties routinely receive such a letter from the state when they cross the 80 percent threshold. Chenango County received its first notice in 1997 when it was raising a large sum of money for the Pharsalia landfill site.
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