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.

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