Proposed Woodstock budget meets tax cap

Woodstock supervisor Jeff Moran on October 4 unveiled a tentative 2012 town budget that apparently complies with a new state law limiting property tax increases to 2 percent over the previous year’s levy.

Although the proposed $6.87 million spending plan actually calls for an increase of 2.47 percent in the townwide levy — the portion of the total budget funded by all taxpayers—it appears to conform to the statewide tax cap when mandatory pension contributions above 2 percent are excluded from the calculation of the cap, as the law permits. The amount by which such contributions exceed . . .


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