Albion summary:

The study recommends dissolution.  Caution is necessary in reading the report because the summary leaves out an important feature.

Most of the tax savings in the plan come from counting on receiving additional NYS AIM funding of $440,000/year as part of special program by the state to incentivize dissolution.  Given NYS reliability in funding special programs, the study committee  asked for the analysis to also include the case where such funding is not received or discontinued.

While it takes some digging, this part of the study shows two basic conclusions. 

1) The net savings to the village is $210,085 out of a $5,397,501 general fund annual budget (3.9%).

2) There is a substantial tax shift from village to TOV. The village tax rate will go from $18.37 down to $16.37 (-10.9%) while the town outside tax rate will go from $4.48 up to $9.01 (+92.5%). 

The study estimates cost saving due to efficiencies of between 7%-10%. This saving is offset by a loss of utility gross receipt tax income of about $113,000/yr  (towns are not allowed to charge this tax, but villages are).

There is a puzzling incongruity between the savings and the NYS AIM incentive.  In this case, incentive funding of $440,000/yr is offered to achieve a projected savings of $210,085/yr, resulting in a net increase in government spending of $229,915/yr.

The analysis assumed formation of a police district, but this would require special approval from the State legislature since town law does not permit formation of police districts.

It is also worth noting that the report recommends changing from a volunteer fire department to a paid department but does not include this substantial increase in cost in the financial analysis.

The study does not consider land use planning.