Chenango backs away from taxation limit

NORWICH – Chenango County’s economic status appears to have slightly improved since 2004 when the state’s comptroller’s office declared it was fast approaching its Constitutional Tax Limit.

The Treasurer’s Office was notified Dec. 11 that the county is now in a “caution zone” at 87 percent of the limit. The state is required to withhold certain aid payments from local governments if the taxes levied against citizens is in excess of growth.

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