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Saratoga Springs ends 2013 with surplus

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Saratoga Springs ended 2013 a little too far in the black. Revenues came in higher than expected and expenses came in lower than expected. The city dumped as much as it could into its fund balance — the rainy-day reserve — without exceeding the state-recommended $6.06 million limit. It still had $1.7 million left over, Finance Commissioner Michele Madigan said Monday. “These funds should be returned to the taxpayers, possibly through reduced property tax rates ...


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