- By Dan Veaner
- News
New York State tax cap law is fraught with gotchas. You can increase your tax levy each year by a certain amount, but if you don't go as high as that amount the dollars you can recover next year are reduced. Taxing authorities are therefore motivated to raise their taxes, if nothing else, to insure they can get more money in future years if they need it. Lansing Fire Commissioners chose Tuesday to keep the same tax rate as last year, charging 92 cents per $1,000 of assessed value instead of the 94 cents they are allowed to charge.
"We usually have a surplus at the end because we save money on one thing or another," said Fire Commission Chairman Robert Wagner. "I don't think we need to worry about recovering the $20,000. I think we should leave it at $0.92."