Breen Votes to Approve City Budget.
(Yonkers, NY- May 30, 2020) After weeks of hearings and deliberation, yesterday the Yonkers City Council adopted the City's $1.24 billion budget with a 6-1 vote.
The adopted budget stays within the state-mandated property tax cap and includes an increase in the property tax levy of 1.58%. A typical property with the median assessed value of $11,000 will see an increase in their property tax bill of $225 annually while City water and sewer rates remain unchanged.
Minority Leader Breen said "The City's finances were on pace to exceed projections and then the global pandemic caused a loss of millions of dollars in economically sensitive revenues. Even still, we were able pass a responsible budget that maintains City services while not overburdening our taxpayers with excessive increases."
The City of Yonkers continues to show it values the importance of funding the Yonkers Public Schools by increasing the City's contribution to $269.9 million. Despite the unprecedented increases in aid, funding from New York State remains woefully inadequate. This underfunding is causing the elimination of up to 168 position in the Yonkers Public Schools.
"While the City continues to provide record aid as our students deserve, the State of New York gets a failing grade once again," said Minority Leader Breen. "They must correct these gross inequities immediately by making the same investment in our children as they do in other municipalities."
The budget will now be sent to Mayor Spano for his signature and to the New York State Comptroller's Office for certification.
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