Public Hearings Notice: CITY COUNCIL OF THE CITY OF YONKERS REGARDING FY2018/2019 PROPOSED BUDGET

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LEGAL NOTICE

CITY COUNCIL OF THE CITY OF YONKERS PUBLIC HEARINGS

2018/2019 PROPOSED BUDGET

I, Mike Khader, City Council President of the City of Yonkers, do hereby call public hearings on the proposed 2018/2019 City of Yonkers Operating Budget and Capital Budget as follows:

Tuesday, May 15, 2018 Saunders Trades & Technical High School 183 Palmer Rd, Yonkers, New York

7:00 p.m.

AND

Monday, May 21, 2018 City Council Chambers City Hall, 40 South Broadway – 4th Floor Yonkers, New York

7:00 p.m.

Anyone wishing to speak may sign up on the night of the hearings at the hearing sites. Each speaker shall be permitted three minutes and speakers shall be called in the order in which they have signed up.

 

Dated: May 2, 2018

City of Yonkers

 

Summary of FY18/19 Executive Budget

 

Revenues

Property Taxes: $362,076,643

Special Taxes: $180,222,852

State and Federal Funding: $113,841,179

City Departments: $40,435,617

Other Revenues $52,034,454

Appropriated Fund Balance (General): $18,261,008

Total Revenues Sub-Total: $766,871,753

 

Library Fund: $657,343

Water Fund: $49,484,980

Sewer Fund: $11,035,268

Board of Education: $320,005,607

Total Revenues: $1,148,054,951

 

Expenditures

City Departments: $316,214,574

Fringe Benefits: $164,092,129

Special Items: $33,882,725

Board of Education: $547,731,544

Total Operating Expenditures: $1,061,920,972

Debt Service: $86,133,979

Total Expenditures: $1,148,054,951 

Revenues vs. Expenditures: -0-

 

Property Tax Levy

Board of Education Property Tax Levy: $244,704,384

City Property Tax Levy: $117,372,259

Total Property Tax Levy: $362,076,643

Property Tax Rate per $1000 of Assessed Valuation (AV)

Board of Education Tax Rate: $520.41 per $1,000 AV

City Tax Rate: $249.86 per $1,000 AV

Tax Rate: $770.27 per $1,000 AV

 

Capital Budget

City Total: $73,624,198

Board of Education Total: $39,940,250

Total: $113,564,448

 

The FY18/19 Executive Budget is available for review by the public at:

The Office of the City Clerk, City Hall, 40 S. Broadway, Yonkers NY 10701

http:// www.yonkersny.gov/government/departments/finance/city-budget/city-budget- 2019-executive

MIKE KHADER

CITY COUNCIL PRESIDENT

eHeziPublic Hearings Notice: CITY COUNCIL OF THE CITY OF YONKERS REGARDING FY2018/2019 PROPOSED BUDGET