Arietta tax levy is under cap

By CRISTINE MEIXNER

Editor

PISECO -- Last week's article on the Town of Arietta Budget for 2014 neglected to subtract Raquette Lake Fire District from the new tax levy, making its statement that the tax levy would exceed the tax cap for next year incorrect.

Arietta's tax levy increase does come in under the state-mandated cap once the fire district's tax levy of $17,653 is subtracted.

So although the overall tax levy will go up 2.34 percent, once the RL Fire District appropriation is subtracted the increase comes in at 1.27 percent, well below Arietta's 2.26 percent cap for 2014.

The cap on increases to towns' tax levies does not count independent fire district costs, as they are independent units of government that create their own budgets and are audited independently by the state Comptroller's Office.

This writer neglected to make that adjustment in last week's article.

Also, although the general cap on town budgets was set at 1.66 percent, as reported last week, once the tax base growth factor is added Arietta's cap is 2.26 percent for 2014. The tax base growth factor reflects physical changes to a municipality's tax base (new construction).

All other information in last week's article is correct.