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According to a story in The Examiner, a letter by Albany attorney Louis Oliver Jr. on behalf of Anthony Futia urged the comptroller to make sure the town assesses more than $300,000 in repairs and debt on an ad valorem basis. Ad valorem is a tax based on the value of real estate or personal property. Oliver's letter said the financial cost to the town should be reduced from $13,500 a year to $270 a year.
Futia, through Oliver's letter, said the town owns less than one percent of the new Long Pond Park District. Town officials claim it owns 47 percent. The letter adds there would be no public access to the pond for recreational purposes with the creation of the district. The only ones with access would be 18 homeowners with direct pond access, Oliver's letter contends, and taxpayers would be contributing toward a town facility that they could not use.
Click here to read the full story in The Examiner.
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