PUBLIC HEARING: City Council of the City of Yonkers 2021/2022 Proposed Budget

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LEGAL NOTICE

CITY COUNCIL OF THE CITY OF YONKERS

PUBLIC HEARING

 

2021/2022 PROPOSED BUDGET

I, Mike Khader, City Council President of the City of Yonkers, do hereby call a public hearing on the proposed 2021/22 City of Yonkers Operating Budget and Capital Budget as follows:


Monday
, May 24, 2021

Saunders High School

183 Palmer Road

Yonkers, NY 10701

7:00 p.m.

YONKERS, NY – May 18, 2021 — Anyone wishing to speak may sign up on the day of the hearing at the hearing site. Each speaker shall be permitted three minutes and speakers shall be called in the order in which they have signed up.​​​​​​​​​​

​​​​​​​MIKE KHADER

​​​​​​​CITY COUNCIL PRESIDENT

Dated: May 17, 2021

City of Yonkers

Summary of FY21-22 Executive Budget

Revenues

Property Taxes: $391,815,589

Special Taxes: $189,251,596

State and Federal Funding: $108,703,272

City Departments: $44,761,427

Other Revenues: $45,808,868

Appropriated Fund Balance (General): $5,904,566

Appropriated Fund Balance (AIM): $21,581,239

Total Revenues Sub-Total: $807,826,557

Library Fund: $727,149

Water Fund: $46,501,939

Sewer Fund: $10,449,321

Board of Education: $375,062,167

Total Revenues: $1,240,567,133

Expenditures

City Departments: $339,879,576

Fringe Benefits: $172,386,553

Special Items: $26,335,876

Board of Education: $621,392,112

Total Operating Expenditures: $1,159,994,117

Debt Service: $80,573,016

Total Expenditures: $1, 240,567,133

Revenues vs. Expenditures: -0-

Property Tax Levy

Board of Education Property Tax Levy: $260,186,943

City Property Tax Levy: $131,628,646

Total Property Tax Levy: $391,815,589

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

Board of Education Tax Rate: $567.46 per $1,000 AV

City Tax Rate: $287.38 per $1,000 AV

Tax Rate: $854.84 per $1,000 AV

Capital Budget

City Total: $107,535,784

Board of Education Total: $42,000,000

Total: $149,535,784

The FY2022 Executive Budget is available for review by the public at:

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

https://www.yonkersny.gov/government/departments/finance/city-budget/city-budget-2022-executive

TribunePUBLIC HEARING: City Council of the City of Yonkers 2021/2022 Proposed Budget