Thursday, March 29, 2012

Tax hike proposed in Wellsville

While taxes in Olean are headed down, it’s a different story in nearby Wellsville. The village board has adopted a tentative budget which calls for a 1.2% tax rate increase. Property assessments in Allegany County’s largest community are trending down…falling nearly $740,000 in the past year. Still, Wellsville lawmakers say the village is in good shape financially. A public hearing on the budget is set for April 9th. Trustee’s still have time to make changes if they’re so inclined. 

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