Responsibilities
The Town Comptroller assists the Supervisor with many of his/her financial duties and is responsible for town financial statements, claims and payments, payroll, benefits, and personnel records. The Comptroller is also appointed for a two-year term.
Town Tax Rate & Credit Rating Overview
This following chart shows the Town’s Moody’s credit rating and Town’s tax rate by fiscal year.
Moody’s Ratings provides independent credit ratings and research that evaluate the creditworthiness of borrowers, assigning ratings from Aaa (highest) to C (lowest) to debt obligations and entities. A government’s Moody’s rating is similar to an individual’s credit score.
With some exceptions, the State’s Property Tax Cap limits the amount local governments and most school districts can increase the tax levy (the total amount of property taxes billed) to the lower of two percent or the rate of inflation. (Individual property tax bills are based on various factors, and they may increase more than two percent.)
| Fiscal Year | Moody’s Rating | Under/Over 2% Tax Cap | Rate Increase |
|---|---|---|---|
| 2015 | Aa2 | Under | 1.52% |
| 2016 | Aa2 | Under | 2.40% * |
| 2017 | Aa2 | Over | 3.50% |
| 2018 | Aa1 | Under | 1.87% |
| 2019 | Aa1 | Under | 1.76% |
| 2020 | Aa1 | Under | 1.66% |
| 2021 | Aa1 | Under | 0.00% |
| 2022 | Aaa | Under | 2.90% * |
| 2023 | Aaa | Under | 2.58% * |
| 2024 | Aa1 | Under | 2.55% * |
| 2025 | Aa2 | Under | 1.15% |
| 2026 | Aa2 | Over | 9.40% |
* Per NYS OSC, the use of available carryover from previous years is allowable. As a result, rate increase for indicated years falls within the allowable tax cap.