Documents › Board Of Trustees, 2026-08-19

resolution 1 page

Also attached to this agenda item: Letter from NYS Homes and Community Renewal Local Law Introductory No. 11 of 2026 SCRIE and DRIE... Resolution 181-2026 LL Intro 11 of 2026 PH

To: From: Date: August 13, 2026 Re: Local Law Introductory No. 11 of 2026 As discussed at the work session on July 22, 2026, I am recommending that Chapter 204 of the Village Code be amended to reflect the new statutory income limits for the senior citizen rental income exemption (SCRIE) and disabled person rental income exemption (DRIE) program. SCRIE/DRIE provides certain residents who are renters in buildings covered by the Emergency Tenant Protection Act (ETPA) the ability to seek an exemption from rent increases if their incomes are under a certain threshold. If New York State Homes and Community Renewal (NYSHCR) approves the application, the Village provides a tax abatement equal to the amount of the rent increase to the property owner. For many years, that limit has been $50,000; state law has recently been amended to increase the income limit to $75,000. Chapter 204-30(B) of the Village Code provides for the automatic adjustment of the limits based on action by the State Legislature; however, it is best to update the Village Code to list the current amounts to provide correct information to residents using it as a resource. Please let me know if you have any questions. Mayor Brian Pugh Trustees Stacey Nachtaler Nora Moriarty Nicholson Len Simon Maria F. Slippen Village Manager Bryan T. Healy Village Treasurer Genette Toone Village Clerk Pauline DiSanto Village Engineer Vincent Salanitro, P.E.