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Forestville bailout must be a step toward dissolution

May 4, 2014
By Todd J. Tranum - President and CEO of the Chautauqua County Chamber of Commerce & Executive Director of the Manufacturers Association of the Sout , Observer Today

The village of Forestville is getting a temporary bailout, but leaders in the village still have a great deal of work to do. The Chautauqua County Legislature recently approved a plan that will provide a five-year, $150,000 loan to the village. Because of that loan, a tax increase that had previously been projected at over 445 percent was dramatically reduced. The tax rate in Forestville will still be doubled in the coming year, but it is a significantly smaller hit than residents would have taken if the county had failed to step in.



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