WARRENSBURG The Town board has passed a new property-tax exemption that extends a tax break to Cold War veterans. The new town law will reduce property tax 15 percent on parcels that are owned by a Cold War veteran with a maximum allowance of $27,000. In addition, any Cold War veteran who served abroad in combat will be eligible to receive a further 10 percent deduction in property tax with a maximum reduction set at $18,000. Furthermore, any veteran who is disabled during combat will be eligible for further tax exemptions depending on their disability rating. A Cold War veteran is defined as any individual who served between the dates Sept. 2, 1945 and Dec. 26, 1991. In other news, Warrensburg Town Supervisor Kevin Geraghty said that the elevated copper and iron levels in town water recently reported by the state Health Dept. is mystifying and that actions were being taken to investigate and correct the problem. A resolution to issue a bond for $139,865 to bankroll a new street sweeper passed unanimously by the board. Gregory Klingler was introduced as Town Assessor and David Securo was introduced as Code Enforcement Officer. The tentative 2009 Warrensburg Town Budget will be presented to the town board on Oct. 5, by the town clerk, Geraghty announced.