Under current state law, if the Village dissolves and merges operations in the Town, the consolidated government is eligible for a state incentive. Would the incentive be used to benefit taxpayers?

A. The state incentive is known as "new AIM" (Aid and Incentives to Municipalities). Based on current budgets, new AIM is projected to be $84,908.

The Committee's Dissolution Plan calls for the incentive funds to be used to reduce the property tax and/or help build a small contingency reserve for the community. (Neither the Village nor Town currently budget for contingencies.) Under either option, taxpayers would benefit. Q.

When would State incentive funds become available to the community? A. State incentive funds become available in the year following the effective date of dissolution.

If dissolution is approved by Village voters on March 15, 2011, the Village continues until December 31, 2012. Q. Is new AIM a one-year revenue for the community?

A. AIM is an annual appropriation of the New York State Legislature. Under existing New York law, new AIM is not a one-year benefit.

Future annual percentage increases from the State are to be based upon the first year's total AIM payment ( ... more.

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