[Adopted 12-6-2011 by L.L. No. 4-2011]
The title of this article shall be the "Tax Levy Limit Override."
This article is adopted pursuant to New York General Municipal Law (GML), § 3-c(5), that expressly authorizes a local government's governing body to override the property tax cap for the coming fiscal year by the adoption of a local law approved by a vote of 60% of said governing body.
It is the intent of this article to allow the City of Cortland, New York, to adopt a budget for the fiscal year commencing 2012 that requires a real property tax levy in excess of the tax levy limit as defined by General Municipal Law § 3-c.
The Common Council of the City of Cortland, County of Cortland, is hereby authorized to adopt a budget for the fiscal year commencing 2012 that requires a real property tax levy in excess of the amount otherwise prescribed in the GML, § 3-c.