2016-291 2016-291
Resolution Designating Unrestricted Fund Balance as Taxpayer Protection Fund"
At a Regular Meeting of the Town Board of the Town of Wappinger, Dutchess County, New York, held
at Town Hall, 20 Middlebush Road, Wappingers Falls, New York, on November 14, 2016.
The meeting was called to order by Lori A. Jiava, Town Supervisor, and upon roll being called, the
following was recorded:
✓Vote Record-Resolution RES-2016-291
Q Adopted Yes/Aye No/Nay Abstain Absent
❑ Adopted as Amended Lori A.Jiava Voter Q ❑ ❑ ❑
❑ Defeated William H.Beale Mover Q ❑ ❑ ❑
❑ Tabled William Ciccarelli Voter Q ❑ ❑ ❑
❑ Withdrawn John J.Fenton Voter Q ❑ ❑ ❑
Michael Kuzmicz Seconder, Q ❑ ❑ ❑
The following Resolution was introduced by Councilman Beale and seconded by Councilman Kuzmicz.
WHEREAS, Chapter 97 of the Laws of 2011 established a tax levy limit on all local governments in New York
State, effective January 1, 2012;
WHEREAS, this law requires that local governments maintain any property tax increase to no more than 2
percent or the rate of inflation, whichever is less;
WHEREAS, the law does provide exemptions for certain specific costs and allows the governing board to
override the tax levy limit with a supermajority vote;
WHEREAS, the Town Board of the Town of Wappinger has earnestly complied with this law and its specific
regulations each fiscal year since the inception;
WHEREAS, the Town Board of the Town of Wappinger will supersede the requirements of this law in Fiscal
Year 2017;
WHEREAS, this action by the Town Board of the Town of Wappinger will result in a reduction of effective
property tax rates for residential and commercial parcels within the Town of Wappinger, both inside and outside
the Village of Wappingers Falls;
WHEREAS, the Town of Wappinger has an accumulated unrestricted fund balance;
NOW, THEREFORE BE IT RESOLVED, that the Town Board of the Town of Wappinger direct the Town
Supervisor to earmark $400,000 in unrestricted fund balance as a Taxpayer Protection Fund for the purpose of
ensuring that the Town of Wappinger will comply with Chapter 97 of the Laws of 2011 during Fiscal Years
2018, 2019.
The foregoing was put to a vote which resulted as follows:
RESULT: ADOPTED [UNANIMOUS]
MOVER: William H. Beale, Councilman
SECONDER: Michael Kuzmicz, Councilman
AYES: Jiava, Beale, Ciccarelli, Fenton, Kuzmicz
Dated: Wappingers Falls, New York
11/14/2016
The Resolution is hereby duly declared Adopted.
JOSb Pf t P. PAOLONI, TOWN CLERK
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