The Town of Fairfield held a board meeting Thursday night to address flood damage and the cost of repairing roads and other damage.

Right now, Fairfield's budget is completely depleted as a result of the flood damage.

Town Supervisor Henry Crofoot says so far the damage totals more than $68,000 but could be as much as  $1 million when all damage is calculated.

Crofoot says Fairfield is still under a state of emergency but all affected roads in the area are now passable.

The town is preparing to take out a bond worth $100,000 -$200,000 and if New York State is not deemed a federal disaster area FEMA will not be available to reimburse Fairfield. If that is the case, Crofoot says property taxes in the town could potentially double in order to pay off the bond.