«What resulted was overly broad legislation that would prevent the county from reimbursing any municipality in the county for any fees that are on their
tax warrants, and so the response from not just myself, but the mayors of Cohoes and Watervliet and Supervisor Paula Mahan was that this legislation changing a decades - old way of making municipalities whole for their
tax levies was really thrown in to complete and utter
confusion and disarray, with legislative leaders saying that the legislation or the resolution meant something different than the letter of the resolution, and all of it really could have been addressed if the leadership of the county legislature had simply reached out, sent us a letter, picked up the phone to have a conversation
about their concerns with respect to the trash fee.»
However, a startling lack of any
tax filing guidelines, norms or instructions by the taxation authority has only added to the
confusion, leaving investors unsure
about declaring their holdings in a
tax return or pay
taxes on capital gains.