In an effort to generate revenue for Albany County and cut down on property foreclosures, residents will have partial amnesty on interest from past due taxes, according to information from the executive's office.
The program, which began on Tuesday, Sept. 1, runs through Monday, Nov. 30. The plan was approved by the Albany County Legislature in July.
\This program is intended to accelerate delinquent tax payments in 2009 and will bolster the county's cash flow without costly borrowing. We hope taxpayers will take advantage of this one time opportunity and clear these bills now, said County Executive Mike Breslin.
The program is a component to Breslin's plan to reduce a $20 million budget gap. The county will unveil plans for its 2010 budget in October, said spokesperson Mary Duryea.
The interest on delinquent taxes will be cut in half and will apply to real property and school taxes owed to the county, but does not apply to principal, legal fees and out of pocket municipal expenses, according to information from the county.
Check back at www.spotlightnews.com and the Wednesday, Sept. 16, edition of the Spotlight Newspaper for an update to the story.""