I hereby submit to the City Council amendments to the proposed Executive Budget which was originally submitted to the City Council on April 16, 2012.
These amendments reflect changes in revenue and expenditure estimates based upon the most current information. Due to an increase in tax assessments, we will be able to reduce the proposed tax rate to 3.40 %. The amendments also include restorations of positions in Police and Parks based upon agreements with the respective unions. As a result of ongoing negotiations, we have been able to restore 19 Teamster positions and are continuing to negotiate to restore the remaining 13 positions in DPW. In addition, the amended proposal avoids layoffs in the Fire Department while eliminating vacancies.
- $10 million increase in the Board of Education (YBoE) Budget using the YBoE Fund Balance
- $1.2 million adjusted State Aid
- $1.0 million reimbursement of interest from QSCB Bonds
- $160,000 to re-formulate the Human Rights Commission
Funding to restore:
- 25 Police Officers
- 5 Sergeants
- 6 Fire Department Personnel
- 1 Parks Youth Advisor
- 1 Parks Aquatics Supervisor
- 5 Parks E.M.W.’s
- 19 DPW employees
- 1 Office Services Reproduction System operator
- $560,000 was restored to the Yonkers Public Library
- $2.5 million was added for the Larkin Garage Guarantee
- An increase of $930,000 in Estimated Sales Tax Revenue based upon latest economic forecast
- A decrease of ($700,000) revenue in income Tax Surcharge due to the decrease in New York State Income Tax Rates
These and other changes contained herein are required to balance the Fiscal Year2013 Executive Budget.
As stated in my original Executive Budget Message of April 16, I regret having a proposed budget for your consideration that still contains position reductions and some slight service cuts. However, this budget reflects the austerity of our current economic climate, preserves basic services and public safety for our residents while living within the New York State Tax Cap. We have and will continue to work closely with our Commissioners and employees to ensure public safety and the quality of life for our residents in the most cost efficient ways possible. Please be assured that I fully intend to restore our department to full strength when funds are available and the City is in a better fiscal condition.
The beginning of the Fiscal Year is rapidly approaching. Urgent action on all of our part is required. Please be advised that the City’s cash position will be dangerously low by the beginning of July. Therefore, a budget must be adopted as soon as possible to allow for certification by the State Comptroller, and sufficient time to mail the tax bills, in order for the City to continue to operate. I look forward to closely working with the City Council for the needs of the great citizens of Yonkers.
Mike Spano is the mayor of the City of Yonkers.