342.2003
RESOLUTION REQUESTING AND AUTHORIZING WARREN COUNTY
TO RETAIN SALES TAX REVENUES AND OFFSET PROPERTY TAXES
RESOLUTION NO.: 342. 2003
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Daniel Stec
WHEREAS, Warren County receives sales tax revenues resulting from sales transactions
that take place within the County, and
WHEREAS, a substantial portion of those sales transactions take place within the Town
of Queensbury, and
WHEREAS, portions of the Warren County sales tax revenues are annually allocated and
paid to each of the municipalities in Warren County, and
WHEREAS, annual sales tax revenues allocated to the Town of Queensbury is currently
in the range of $6 million, and
WHEREAS, the Town of Queensbury currently maintains an unrestricted fund balance
for general purposes totaling approximately $6.13 million, and
WHEREAS, Chapter 528 of the Laws of 2000 (in Town Law §107) provides that towns
may adopt a budget which includes a “reasonable amount” of unappropriated fund balances, and
WHEREAS, the Queensbury Town Board desires to maintain reasonable and adequate fund
balances to provide stability for possible future sales tax revenue fluctuations, cash flow needs,
contingencies, and contemplated capital projects, and
WHEREAS, the Queensbury Town Board currently is imposing no general Town
property tax and now seeks to reduce the general County property tax in the Town of
Queensbury,
WHEREAS, New York State Tax Law §1262 authorizes the Town to apply sales tax
revenues allocated to the Town and use such revenues to offset County taxes on Queensbury
property, and
WHEREAS, New York State Tax Law §1262 authorizes the County to withhold such
revenues for the next succeeding calendar year upon appropriate instructions from the Town
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properly filed with the County prior to September 1 of the current year, and
WHEREAS, the Town Board has determined that the current unappropriated, unrestricted
fund balance currently exceeds the reasonable amount needed for revenue stabilization, cash
flow, contingencies, and contemplated capital projects, and desires to undertake an affordable,
and sustainable reduction of county taxes on Queensbury property.
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes Warren County to
retain $375,000 of Warren County sales tax revenues allocated to the Town of Queensbury in
2004 and apply such revenues to reduce 2004 County property taxes on real property in the
Town of Queensbury, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Clerk to file a
certified copy of this Resolution with the Chief Fiscal Officer of Warren County by mailing such
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Resolution by registered or certified mail before September 1, 2003 in order to take effect for
the calendar year 2004, and
BE IT FURTHER,
RESOLVED, that this authorization shall be effective for year 2004 and each year
thereafter until rescinded by Town Board Resolution, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Clerk, Town
Supervisor and/or Town Comptroller to provide any other required documentation to Warren
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County prior to September 1, 2003 and take any and all other action necessary to effectuate all
terms of this Resolution.
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Duly adopted this 21 day of July, 2003, by the following vote:
AYES : Mr. Brewer, Mr. Brower, Mr. Boor, Mr. Turner, Mr. Stec
NOES : None
ABSENT: None