JAMESTOWN – City officials are likely to once again act this year on a local law to exceed the state’s 2 percent property tax cap. The Jamestown Post-Journal is reporting that city comptroller Joe Bellitto said that it is recommended the city consider passing a tax cap override in case there is an error in budgeting and city officials accidentally exceed the 2 percent property tax limit. He said this is more of a procedural measure.
The tax cap override resolution was also passed last year, but was not used by the city. The preliminary 2014 executive budget is scheduled to be released Tuesday, Oct. 8.
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