Troy fails to override property tax gap

TROY, N.Y. (NEWS10) — The City is going back to the drawing board.

The City Council failed to override the property tax cap Wednesday night. Mayor Rosamilia’s budget asked for a 9.3% hike, which needed a 60% majority, but the 5-4 council vote fell one short of that.

It may be good news for some taxpayers, as they won’t have to pay an extra $14 a month.

However, the lack of revenue puts jobs and services like plowing and garbage pickup at risk.

The city must now figure how to cut roughly $1.5 million before December 1.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s