Four-fifths of the Village of Albion is in the Town of Albion, and one fifth is in the Town of Gaines. A CGR study found limited opportunity for the three municipalities to generate significant cost savings through shared service agreements. However, if the Village and Town of Albion consolidate, overall property tax savings would be at least 18%, and if all three consolidate, overall property tax savings would be at least 22%. Consolidation savings would come from cost reductions due to efficiencies and substantial new state consolidation incentive funds. In late 2008 a joint oversight committee recommended to elected leaders that they pursue dissolution of the village, thereby reducing the number of governments from three to two.