[Adopted 5-1-1986 by L.L. No. 1-1986 (Ch. 85 of the 1975
Municipal Code)]
The Town Board, pursuant to the authority contained in § 1262(d)
of the Real Property Tax Law of the State of New York, hereby elects
to be paid directly the revenues from taxes imposes by cities under
one million, counties and school districts situated within the County
of Ulster where said amounts are not set aside for county purposes
or educational purposes, as set forth in § 1262(c) of the
Real Property Tax Law.
The Town shall provide that these monies 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 monies
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.
