[Adopted 2-6-1986 by L.L. No. 2-1986]
This Article is enacted to provide for the disposition of revenues
from taxes imposed by the County of Erie in that said amounts are
to be paid directly to the Town of Colden to be used for any Town
purpose.
Section 1262 of the Tax Law authorizes counties to set aside
a portion of their sales tax revenue for cities and towns, and pursuant
to this section, the Town of Colden has provided that the amounts
paid to the Town as a portion of the sales tax revenue shall be paid
directly to the Town of Colden to be used for any Town purpose.
This article will affect sales tax revenue which was set aside
by the County of Erie for the Town of Colden pursuant to law.
