FORESTVILLE, N.Y. (WIVB) – A bailout package could be coming to Forestville, where residents are facing a potential 445-percent tax increase.
Wednesday night, Chautauqua County legislators approved a $150,000 assistance package for the village. But there are conditions that need to be met to prevent another financial crisis. The county wants a task force created, with members appointed by the county executive and legislative chair, to oversee the village and audit the village’s books.
Forestville residents are facing a steep tax increase because the village defaulted on two loans, totaling $400,000, and the bank is demanding payment.
The village will now have to vote to approve the assistance package.