Yonkers Insider: Yonkers City Council: Budget & Finance Committee Meeting - Tuesday June 11, 2024 @ 2:30 p.m.

 

Please be advised that the Budget & Finance Committee will meet Tuesday, June 11, 2024 2:30PM. The Meeting will be held in person.

 

 

 

Budget & Finance Committee Meeting 

City Council President Lakisha Collins Bellamy

 

Agenda Items:

 

 

1.    Local Law – amending Article IX of the Charter of the City of Yonkers in Relation to Sewer Rents. (Positive Fiscal Impact.)

 

2.    General Ordinance – amending Chapter 95 of the Code of the City of Yonkers in Relation to providing for an Increase in Water Rents. (Positive Fiscal Impact.)

 

3.    Special Ordinance – approving certain Justification Documents of the City Comptroller, which documents are attached herewith and made part hereof in relation to the adoption of the City’s 2024-25 Fiscal Year Budget. (No Fiscal Impact.)

 

4.    Special Ordinance – Bond Ordinance of the City of Yonkers authorizing the payment of various Tax Certiorari judgments, compromised claims and settled claims approved by the City Council during Fiscal Year 2024-2025, stating the estimated maximum cost thereof is $15,000,000 appropriating said amount therefor and authorizing the issuance of bonds of said City in the principal amount of not to exceed $15,000,000 to finance said appropriation. (Negative Fiscal Impact.)

 

5.    Special Ordinance – adopting the Tax Budget for the Fiscal Year commencing July 1, 2024 and terminating June 30, 2025. (Positive  Fiscal Impact.)

 

6.    Special Ordinance – confirming the Tax Roll of the Fiscal Year July 1, 2024 to June 30, 2025 and levying and addressing the taxes contained therein. (No Fiscal Impact.)

 

7.    Special Ordinance – adopting the Grant Budget for the Fiscal Year commencing July 1, 2024 and terminating June 30, 2025. (Positive Fiscal Impact.)

 

8.    Special Ordinance – adopting the Salary Schedule for the Fiscal Year commencing July 1, 2024 and terminating June 30, 2025. (Negative Fiscal Impact.)

 

9.    Special Ordinance – adopting the Capital Budget for the Fiscal Year commencing July 1, 2024 and terminating June 30, 2025. (Negative Fiscal Impact.)

 

10. RESOLUTION – SEQRA YPS and City Capital Projects (No Fiscal Impact.)

 

11. Special Ordinance – bond ordinance authorizing funding for various capital projects for YPS with the estimated maximum cost thereof is $5,400,000. (Negative Fiscal Impact.)

 

12. Special Ordinance – bond ordinance authorizing funding for various capital projects for YPS with the estimated maximum cost thereof is $10,000,000. (Negative Fiscal Impact.)

 

13. Special Ordinance – bond ordinance authorizing funding for various capital projects for City with the estimated maximum cost thereof is $48,533,086. (Negative Fiscal Impact.)

 

14. Special Ordinance – Revenue Anticipation Note Ordinance delegating to the Commissioner of Finance and Management Services the power to authorize the issuance of $140,000,000 Revenue Anticipation Notes of the City of Yonkers, New York or so much thereof as may be necessary in anticipation of the receipt of certain revenues for the Fiscal year ending June 30, 2025, and to prescribe the terms, form and contents, and provide for the sale and credit enhancement of such notes. (Negative Fiscal Impact.)

 

15. Special Ordinance – Tax Anticipation Note Ordinance delegating to the Commissioner of Finance and Management Services the power to authorize the issuance of $150,000,000 Tax Anticipation Notes of the City of Yonkers, New York or so much thereof as may be necessary in anticipation of the collection of taxes levied for the Fiscal Year commencing July 1, 2024 and to prescribe the terms, form and contents and provide for the sale and credit enhancement of such notes. (Negative Fiscal Impact.)

 

16. PKF O’Connor Davies Presentation

 

17. Any additional items that may properly come before this Committee.

 

 

BUDGET & FINANCE COMMITTEE

City Council President Lakisha Collins Bellamy – Chair

Majority Leader – Tasha Diaz

Majority Whip – John Rubbo

Minority Leader – Mike Breen

Councilmember Corazon Pineda-Isaac

Councilmember Shanae Williams

Councilmember Anthony Merante