Should two percent appear too high, be thankful we don't hit the sky....
With apologies to George Harrison, Finger Lakes politicians appear to be in a frantic race to see who will be the first to bust New York governor Andy Cuomo's phony "tax cap."
Next in line: the trendy Town of Ithaca, a Cornell University bedroom suburb ruled by lockstep leftists.
We predict the shattered "tax cap" will be quickly become a distant memory, not even mentioned by the sacrificial Republican unlucky enough to run against Cuomo in New York's next gubernatorial election.The town of Ithaca is joining other municipalities in considering an override to the state's new two percent property tax cap as it looks to formulate a 2012 budget.
The Town Board set a public hearing for next month on a local law to override the tax levy limit.
Supervisor Herb Engman believes it is essential the Town overrides the cap to keep key services intact and to take advantage of opportunities they have with bond interest rates historically low.