Tax Cap Overrides Here To Stay Until Changes Made
It should come as no surprise to city residents that the Jamestown City Council is likely to override the state’s 2% tax cap when it meets for its voting session in May. The end of American Rescue Plan Act funding removes an outside revenue sources that could have helped to eliminate a tax increase without dipping into the city’s surplus. In February, Gov. Kathy Hochul announced $1.6 million in additional state aid for Jamestown as part of the state budget, but additional aid allocations aren’t always unrestricted aid - and that funding won’t be secured until Hochul and the ...