Budget Contains Zero Percent Property Tax Increase
Maintains City Services and Positions & Provides Largest Contribution to Yonkers Public Schools
YONKERS, NY – May 28, 2021 — Following weeks of budget hearings, the City of Yonkers 2021-2022 Budget was adopted today with a 7-0 vote by the Yonkers City Council. The Adopted Budget contains no increase in property taxes and contains no reductions in City services or positions.
The 2022 Adopted Budget also increases the School District’s budget, totaling the city’s contribution to $280.5 million — making it the largest local share of any big city to a district outside of New York City. Over 53% of the Adopted Budget is devoted to the Yonkers Public Schools, the highest percentage contribution made during the Spano Administration.
Mayor Spano stated, “Like many cities across the country, Yonkers experienced a yearlong lockdown due to a global pandemic that crippled local businesses and employment. Fortunately, Yonkers weathered the storm better than expected, allowing us to prevent an increase in the taxes so not to place additional burdens on our taxpayers. Today, the city is emerging from the lockdown and is getting back to business, putting our residents back to work.”
“By working together with our City Council, we are maintaining quality services for our residents, relieving our taxpayers as best as we can and making the vital investments in education so we can keep moving Yonkers forward,” Mayor Spano added.
• $1.25 billion total budget
• No property tax increase; stays within state-mandated tax cap
• Includes record increase in aid to Yonkers Board of Education with increase of $10.9M
• No cuts in city services and positions
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Christina Gilmartin | Communications Director | Office of Mayor Mike Spano