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The Board voted unanimously to move $909,000 from the Overlay Account to Overlay Surplus to fund the FY2028 revaluation and a lot expansion at Sleepy Hollow Cemetery. The account would retain $2,329,061, with an additional $500,000 expected to be added in FY2027.
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The Overlay Account is money set aside for property-tax abatements and related assessment needs. The Board determined that the remaining balance, plus the planned FY2027 addition, should be enough to cover anticipated abatements, exemptions, and outstanding Appellate Tax Board cases. The Board also approved several property-value reductions, including abatements of $490,300 at 211 Mattison Drive and $270,900 at 196 Elm Street.
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