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342.2002 RESOLUTION REQUESTING AND AUTHORIZING WARREN COUNTY TO RETAIN SALES TAX REVENUES AND OFFSET PROPERTY TAXES RESOLUTION NO.: 342, 2002 DEFEATED INTRODUCED BY: Mr. Daniel Stec WHO MOVED ITS ADOPTION SECONDED BY: Mr. Tim Brewer 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 allocated to each of the towns in Warren County on an annual basis, and WHEREAS, County sales tax revenues allocated to the Town of Queensbury annually fall in the range of several million dollars, and WHEREAS, the Town of Queensbury currently maintains a general fund balance and capital reserve fund balance totaling approximately $7.2 million dollars, and WHEREAS, the Queensbury Town Board believes that taxation of its constituents should be minimized to the extent possible, while still maintaining reasonable fund balances for long- range planning, emergency and contingency purposes, and WHEREAS, New York State Tax Law §1262 authorizes the Town to request that the County withhold sales tax revenues allocated to the Town and use such revenues to offset local taxes, and WHEREAS, New York State Tax Law §1262 authorizes the County to withhold such revenues for the next succeeding calendar year upon appropriate requests from the Town st properly filed with the County prior to September 1 of the current year, and WHEREAS, Chapter 528 of the Laws of 2000 (in Town Law §107) provides that towns may have a budget which includes a “reasonable amount” of unappropriated unreserved fund balances, and WHEREAS, the Town Board has determined that the current unappropriated, unreserved fund balance exceeds such “reasonable amount” and wants to take action to avoid this from occurring in the 2003 Town Budget, and WHEREAS, the Queensbury Town Board has already eliminated the general Town property tax and now seeks to reduce the general County property tax in the Town of Queensbury, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby requests and authorizes Warren County to retain one-million dollars ($1,000,000) of Warren County sales tax revenues allocated to the Town of Queensbury in 2003 and utilize such revenues to offset the corresponding portion of 2003 County property taxes to the residents of 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 st Resolution by registered or certified mail before September 1, 2002 in order to take effect for the calendar year 2003, and BE IT FURTHER, RESOLVED, that this request and authorization shall remain in effect for the year 2003, 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 st County prior to September 1, 2002 and take any and all other action necessary to effectuate all terms of this Resolution. th Duly adopted this 19 day of August, 2002, by the following vote: AYES : Mr. Stec, Mr. Brewer NOES : Mr. Boor ABSENT: Mr. Turner ABSTAIN: Mr. Brower