Nyack, April 24 — Nyack will reduce the village’s 2011-12 tax increase to just under one percent. The Village Board’s original budget proposal had omitted $52,900 in rental fees from the River Club restaurant. When the new revenues were included, the previously announced 1.6 tax hike was reduced to .96 percent. The almost-one-percent increase is in contrast to the 9.49 and 8.5 jumps in the previous two years. The announcement was made at last Thursday’s Village Board meeting.
VB members also took questions at the meeting from the public about a Memorandum Of Understanding (MOU) between the village and Riverspace regarding developing a plan to create a Superblock in downtown Nyack. Trustees will vote to approve or reject the MOU at the Wednesday 4/27 Village Board Meeting.
Share your comments on the MOU by clicking the comments link below or by emailing superblock@nyack-ny.gov
See also:
- Nyack Refinances To Keep Tax Hike Low, 4/8/2011
- Nyack, Riverspace To Sign Superblock Agreement, 4/20/2011
- Preliminary Memorandum Of Understanding Between The Village Of Nyack And Riverspace In Nyack, Inc. Regarding The Production Of A Conceptual Redevelopment Plan For The Superblock In Downtown Nyack