[Adopted 7-7-1986 by L.L. No. 2-1986]
The Town Board hereby adopts § 1262(d)
of the Tax Law of the State of New York and elects to be paid directly
the revenues from taxes imposed by cities under $1,000,000, counties
and school districts situated within the County of Ulster where said
amounts are not set aside for county purposes or educational purposes.
The town shall provide that these moneys shall
be applied first to reduce county taxes levied upon real property
situated within the town with any balance remaining to be applied
to reduce general town taxes levied upon real property in said town
or that said moneys shall first be applied to reduce general town
taxes levied upon real property within the town with any balance remaining
to be used to reduce county taxes levied upon real property within
the town or that the amounts which would be so applied to reduce the
county taxes and general town taxes levied upon real property in such
town shall be used for any town purpose or any combination thereof
the discretion of which shall remain with the Town Board.
