A third of LI villages override tax cap
Photo credit: T.C. McCarthy | The Village of Great Neck accents its downtown area with clocks like this one, located in a municipal parking lot. (Sept. 28, 2011)
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Long Island villages and the tax cap
A third of Long Island's villages have voted to override the state's new 2-percent tax cap if necessary, reflecting many local officials' concerns about managing municipal finances while complying with the law.
The limit on tax levy increases comes as villages face increased state mandates, higher pension costs, rising fuel prices and a decrease in state aid.
"It's going to be virtually...
