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HomeMy WebLinkAboutPPL B- override the tax levy limit.PDFEXHIBIT201.4.72 VILLAGE OF CAYUGA HEIGHTS PROPOSED LOCAL I-4TT B OF THE YEAR 2014 A LOCAL LAW TO OVERRIDE THE TAX LEVY LIMIT ESTABLISHED IN GENERAL MUNTCTPAL LAW $3-C Be it enacted by the Board of Trustees of the Village of Cayuga Heights as follows: Section 1 Legislative Intent: It is the intent of this local law to allow the Village of Cayuga Heights to adopt a budget for the fiscal year commencing in20l4 that requires a real property tax levy in excess ofthe tax levy limit as defined by General Municipal Law $3-c. Section 2 Authorify: This local law is adopted pursuant to subdivision 5 of General Municipal Law $3-c which expressly authorizes a local governing body to override the property tax cap for the coming fiscal year by the adoption of a local law approved by a vote of sixty percent (60%) of said governingbody. Section 3 Tax Levy Limit Override: The Board of Trustees of the Village of Cayuga Heights, County of Tompkins, is hereby authorized to adopt a budget for the fiscal year commencing in 2014 that requires a real property tax levy in excess of the amount otherwise prescribed in General Municipal Law $3-c. Section 4 Severability: If a court determines that arry clause sentence paragraph subdivision or part of this local law or the application thereof to any person firm or corporation or circumstance is invalid or unconstitutional the court order or judgment shall not affect impair or invalidate the remainder of this local law but shall be confined in its operation to the clause sentence paragraph subdivision or part of this Local. Law or in its application to the person individual firm or corporation or circumstance directly involved in the controversy in which such judgment or order shall be rendered. Section 5 Effective Date: This Local Law shall take effect immediately upon filing with the Secretary ofState.