ALBANY – The village of Forestville is getting additional funding from New York State to help with its financial crisis.
On Tuesday Senator Cathy Young’s office announced that she has secured $50,000 of emergency funding for the village to help cover the cost of a new roof and other capital improvements that are needed immediately.
Senator Young said the one-time-only grant will provide some relief to village taxpayers who cannot afford the massive property tax increase resulting from the convergence of debt repayments and necessary emergency building repairs.
Last month, the Chautauqua County Legislature also helped to reduce what would have been a 445 percent tax hike with a $150,000 low-interest loan to the village.
In exchange, the Village will undergo an audit by the State Comptroller examining the village’s finances over the last five years, and participate in a task force examining the village’s long-term viability.
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