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Sleepy Hollow votes shoot down tax increase

Sleepy Hollow voters overwhelmingly shot down an 82 percent property tax increase that would have nearly doubled what they now pay.

With all three precincts reporting, unofficial totals show 1,089 voted against the measure, while a mere 231 votes were cast in favor of increasing taxes.

The village was seeking to collect an additional $478,571 yearly from its more than 3,300 residents. If approved, the owner of a $200,000 home would have paid roughly $310 more in property taxes to the village in 2015.

Officials had said they would use the additional revenue for long-term capital expenses, including purchasing big-ticket items, such as police squad cars and equipment, dump trucks, snow plows, and for building maintenance.

The village's operating budget is $1.3 million yearly, and it had roughly $2.1 million in cash and investments as of the beginning of this fiscal year. By fiscal year 2018, the village's capital fund is expected to be nearly depleted with about $65,000 left in that account, according to officials.

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