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Wilmington Town Council Passes Law To Override Property Tax Cap

The Wilmington Town Council passed a local law allowing them to override the property tax cap and adopted a preliminary budget for the 2025 fiscal year following two public hearings and a special meeting recently. The Adirondack Daily Enteprise reports state law normally restricts communities from increasing the overall property tax levy by more than 2% or the rate of inflation, whichever is lower.

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