YONKERS, NY — July 11, 2012 — …The State Comptroller has certified the 2014-15 City Budget. In his letter, the Comptroller weighed in and said that the practice of funding the City’s budget by “one-shots,” or non-recurring revenue sources, is unsustainable.
The state really needs to adjust the way it finances and helps fund the city of Yonkers with recurring revenue, so we agree in many respects with the Comptroller’s report.
Taxes in Yonkers are already too high. Due to the systemic under-funding by Albany, for years, elected leaders in Yonkers have had no choice. That is why the City Council is taking action against the State.
The council has voted to intervene in the New Yorkers for Students’ Educational Rights versus the State of New York lawsuit, filed against the state in February that asks the courts to finally compel Albany to end budget gimmicks and stop Albany from continuing to deprive our children of their right to a sound education.
Through Albany’s Gap Elimination Adjustment and blatantly unfair funding formulas, the lawsuit estimates that Albany has funded our schools $5.7 billion less than is Constitutionally required. It’s time for Albany to fix the problem, and perhaps the recent $3 billion BNP Paribas bank settlement with the State can be used to end Albany’s bad budgeting practices.
Liam J. McLaughlin is the president of the Yonkers City Council.