Due to a miscalculation, City of Olean taxpayers will be getting a new tax bill.
Mayor Bill Aiello announced that due to a calculation error, the city will be reissuing tax bills. An aldermen learned last week that the budget they passed included a 7. 13% increase in the tax levy, not the 6.2% hike that was approved on April 8th.
The city’s 19. 8-million-dollar budget for 2025-26 is actually down $618,000 from the 2024-25 budget.
The council is expected to vote today on corrective action to fix the latest budget debacle.
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