File #: 25-237    Version: 1 Name:
Type: Resolution Status: Passed
File created: 5/27/2025 In control: Audit and Finance Committee
On agenda: Final action: 6/9/2025
Title: AUTHORIZING THE DISTRIBUTION OF MORTGAGE TAXES FOR THE PERIOD OCTOBER 1, 2024 THROUGH MARCH 31, 2025
Sponsors: Audit and Finance Committee
Attachments: 1. TMP 6624 - County Clerk RLA, 2. 25-237 AF 29 - TMP 6624 - Semi-annual Distribution Mort Rec Tax

RESOLUTION NO. 237

 

AUTHORIZING THE DISTRIBUTION OF MORTGAGE TAXES FOR THE PERIOD OCTOBER 1, 2024 THROUGH MARCH 31, 2025

 

Introduced:  6/9/25

By Audit and Finance Committee:

 

WHEREAS, The joint report of the Albany County Division of Finance and the County Clerk showing the collection of mortgage taxes for the period of October 1, 2024 through March 31, 2025 shows the Albany County Division of Finance has on hand for distribution the sum of $3,587,284.03 which has been apportioned in the following manner:

 

Cities and Towns

 

City of Albany

$940,055.01

City of Cohoes

$156,758.31

City of Watervliet

$89,392.98

Town of Berne

$23,226.21

Town of Bethlehem

$521,789.57

Town of Coeymans

$80,306.51

Town of Colonie

$1,062,787.32

Town of Green Island

$14,251.86

Town of Guilderland

$377,697.40

Town of Knox

$26,283.55

Town of New Scotland

$111,557.98

Town of Rensselaerville

$26,666.86

Town of Westerlo

$43,250.07

 

TOTAL     $3,474,023.63

 

 

, and

 

WHEREAS, Said report for the same period shows apportionment to the Towns of Coeymans, Colonie, Green Island, Guilderland, and New Scotland, which, pursuant to law, is required to be apportioned as between the said towns and villages therein, and the said officers have apportioned the same in the following manner:

 

Villages

 

Village of Ravena

      $12,962.09

Village of Colonie

$45,942.94

Village of Menands

$28,384.44

Village of Green Island

$4,750.62

Village of Altamont

$7,198.84

Village of Voorheesville

$14,021.47

TOTAL                    

      $113,260.40 

now, therefore, be it

 

                     RESOLVED, By the Albany County Legislature, that the Clerk of the County Legislature is directed to draw a warrant requiring the Director of Finance to pay to the City Treasurer of each of the cities named the amounts apportioned thereto, and to the Supervisors of the several towns, the amount due to said towns, and to the Village Treasurers of said villages, the amounts apportioned thereto, and, be it further

 

                     RESOLVED, That the Clerk of the County Legislature is directed to forward certified copies of this resolution to the appropriate County Officials.