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Poughkeepsie, NY
Politics
Molinaro Signs 2019 Dutchess County Budget Described As 'Bipartisan'
Dutchess County Executive Marc Molinaro has officially signed the 2019 County Budget, which was recently approved through a bipartisan vote. The budget, which was signed Friday, Dec. 14, includes numerous changes, such as the reduction of the county property tax levy for what will be the fifth consecutive year. The budget will also include a lower property tax rate for the fourth year, from $3.54 to $3.45 for $1,000 of true value assessments. Services for veterans and seniors will be improved, as will youth program funding. The budget will also make a number of targeted investments to grow …
New City, NY
Politics
Day Vetoes Amended $709M 2019 Budget
Rockland County Executive Ed Day used his line-item veto power to strike down 95 amendments totaling several million dollars to the 2019 budget. In vetoing the amended budget, which tops out at $700 million, brought to him by the Democratic majority, Day said the "ill-advised amendments" would have jeopardized the county's plan to dig itself out of a fiscal hole. “The majority’s amended budget would have been a return to the days of speculative revenue, over-estimating sales tax revenue and a refusal to modernize county government,” said Day. “In short, a budget like theirs could lead…
White Plains, NY
Politics
Westchester Lawmakers Approve $2B Budget With Two-Percent Property Tax Increase
The Westchester County Board of Legislators has approved a near $2 billion budget that represents a property tax hike of 2 percent. Lawmakers approved the $1.9 billion budget on Monday, with the measure quickly signed off by Westchester County Executive George Latimer. (See video above.) The budget was approved by a 13-4 vote, with the support of county Democrats. Officials said that the tax rate increase is to help offset tens of millions of dollars in deficits that the county is currently operating against. There are no planned cuts to staff or service in the approved budget, which is con…
Armonk, NY
Politics
Latimer: Balancing Next Budget Calls For Creative, Tough Decisions
County Executive George Latimer said balancing next year's county budget requires creative solutions but also some tough decisions. Latimer has introduced his proposed $1.94 billion to the county Board of Legislators, which can revise the budget before its passage next month. In a Wednesday speech before the Business Council of Westchester, Latimer, a 65-year-old Democrat from Rye, said, "That was a fast year." He spoke to the group a year ago after defeating Republican Rob Astorino. Latimer pointed out that he inherited a multi-million dollar budget deficit and depleted reserves but …
White Plains, NY
Business
Westchester County Loses AAA Credit Rating
Westchester’s financial report card saw its credit rating cut one level by two prominent agencies. Westchester County was notified by S&P Global Ratings and Fitch Ratings that the county’s financial outlook has been downgraded to AA+. Moody’s assigned Aa1 to Westchester, officials announced on Tuesday afternoon. The county has now lost its AAA rating - the highest ranking available - in each of the Big 3 rating agencies. Bloomberg News cited Westchester's move to "draw down its cash reserves to cover retroactive raises given to government employees" as the primary reason fo…
New City, NY
Politics
Proposed $709M Rockland Budget Would See Tax Increase
Next year's proposed $709 million budget for Rockland County would raise property taxes by 2.9 percent, County Executive Ed Day announced on Monday, Oct. 1. While unveiling the proposed 2019 budget, Day said it remains under the state's 3 percent cap on annual property tax increases while fully funding not-for-profits, investing in law enforcement and reviving the Office for People with Disabilities. Day detailed his proposed spending plan at the Sheriff’s Backup Communications Center in New City, accompanied by Sheriff Louis Falco; because of its renewed focus on the needs of law enforceme…
Mount Vernon, NY
Politics
Mount Vernon Mayor Proposes $116M City Budget
Mount Vernon Mayor Richard Thomas has proposed a $116 million 2019 budget that will represent a $100 property tax increase while maintaining essential services in the city. Last week, Thomas presented a $160,009,845, which “pays for services, invests in productivity, revenue generation and infrastructure,” while staying under the state’s mandated tax cap of 2.7 percent. It is an increase of approximately 4 percent from the 2018 adopted budget ($111,247,888) and would include the appointment of 18 new staff positions within the city. Thomas noted that the tax increase would work out to appro…
Newburgh, NY
Lifestyle
Welcome Home: Understanding Closing Costs
When moving to a home, costs tend to add up rather quickly. Several items will need to be budgeted for right away such as replacing carpet, updating appliances, moving and closing costs. When buying a home the title of the property will be transferred from the seller to the buyer which is called the closing. The fees that need to be paid at that time are considered closing costs. Closing costs vary widely based on a number of factors and you will receive a loan estimate within three business days of receiving your completed loan application. Then three days before closing, you will rece…
Mahopac, NY
Schools
Voters Approve Brewster School Budget
Voters in the Brewster Central School District approved a $98 million budget for next year. A total of 1,123 Brewster residents voted for the budget proposal and 454 against it on Tuesday, June 19. Brewster was among three Hudson Valley school districts where taxpayers were asked to vote a second tie after the initial proposal was defeated. Brewster's next operating budget will increase the property tax levy by 2.22 percent. In May, Brewster voters rejected a proposed $99 million budget: 808 residents voted against it and 689 supported it. New Rochelle and East Ramapo school districts al…
Yonkers, NY
Schools
Planned 200-Plus Layoffs Avoided By Yonkers Public Schools
It came down to the wire, but more than 200 positions and programs have been saved in the Yonkers School District following the City Council's adoption of a $1.2 billion budget that includes increased funding for the district. On Wednesday, the Council adopted the budget, which includes a 6.2 percent property tax increase, which averages out to an increase of $560 for homeowners annually or $46 per month. Last week, citing a rise in employee salaries and benefits, the rising cost of utilities, transportation and tuitions, Yonkers Schools Superintendent Edwin Quezada stated that, “what cost …
Yonkers, NY
News
200 Layoffs Proposed In Yonkers, Including Police, Firefighters
Yonkers Mayor Mike Spano warns that about 200 city workers may be laid off due to a $31 budget shortfall. Spano blamed much of the revenue gap on reduced aid from New York state. Spano, a two-term Democrat, plans to release his executive 2018-2019 budget on April 13. Personnel costs for 1,925 workers comprise about 80 percent of the city's budget. On Thursday, April 5, Spano he said it includes a 2 percent tax increase, plus possible cuts in city services like police, garbage pick-up and public library hours. Spano's proposed property tax increase would total about $100 for the average h…
Hackensack, NJ
Real Estate
Towns With Cheapest Property Tax Bills In Bergen County Ranked
Bergen County is home to towns that boast some of the most expensive property tax bills the U.S. But which towns average the cheapest property tax bills? New data from the New Jersey Department of Community Affairs shows that both the average property tax bills in Bergen ($11,564) and Passaic ($9,781) counties are higher than the state's average ($8,690). Below are the 10 Bergen County towns that averaged the cheapest property tax bills in 2017. 10. Lyndhurst: $8,968 9. Mahwah: $8,499 8. Saddle Brook: $8,484 7. Cliffside Park: $8,463 6. Edgewater: $8,312 5. Hackensack: $8,240 4. Garfield…
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