Tax Cap Override and Budget Policy
Resolutions and local laws authorizing the village to levy property taxes in excess of the statutory cap limit.
No longer in force. This policy has been repealed or fully superseded — see History below.
History · superseded or expired
2018
Tax Cap Override Authorization — Local Law 1-2018 (FY Commencing June 1, 2017)
On 2018-01-08, the Board unanimously adopted Local Law 1-2018, authorizing the Village of Red Hook to levy a real property tax in excess of the tax levy limit established by General Municipal Law § 3-c for the fiscal year commencing June 1, 2017. The override was approved by 60% of the governing body as required by General Municipal Law § 3-c(5), and took effect immediately upon filing with the Secretary of State. This authorization was time-bounded to a single fiscal year that has since passed.[2]
2016
Tax Cap Override Authorization — Resolution 4-2016 / Local Law 1-2016
On 2016-03-14, the Board unanimously authorized adoption of Resolution 4-2016 and Local Law 1-2016 to override the statutory property tax cap. This authorization was a one-time override for the applicable fiscal year and has since been superseded by Local Law 1-2018.[1]
Source resolutions
- [1]2016-03-14Tax Cap Override Authorization
- [2]2018-01-08A local law authorizing a property tax levy in excess of the limit established in General Municipal Law §3-c
Synthesized from the chronological history of these resolutions. Each clause shows the year it was last established or amended. The text is a reading aid — for legal force, consult the source resolutions and the Village Code.