Austerlitz's reserves down; board may raise taxes
Sep 23, 2014 6:31 am
Vince Pecoraro is reporting in the Chatham Courier the Austerlitz Town Board met Thurs., Sept. 18, to discuss balancing the town budget, at the same time it passed a local law that would allow the town to exceed the state mandated tax cap. Supervisor Robert Lagonia said the town's budget shortfall was more than $100,000 this year, and increased expenses have steadily drained the town's reserves for over five years. Lagonia said, "If we continue to do what we're doing,...we're not going to have any money in the bank." Following a lengthy discussion, the board did not make a decision to increase the town's taxes or cut any programs, but agreed to meet Tues., Sept. 23 to continue to the budget discussion. Read the full story in the Chatham Courier.