Wednesday, October 22, 2014

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CNY

Oneida city budget includes six percent tax hike

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MADISON COUNTY, N.Y. -- Taxes will take a significant hike in the City of Oneida.

Tuesday evening the common council passed its budget unanimously. It includes $16.7 million in spending and a six percent increase in property taxes. That amounts to about $40 for a house assessed at $100,000.

City officials say they had no choice but to exceed the tax cap. At the rate things were going, the fund balance would have run out within a few years.

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