Astorino: No Tax Hikes, Layoffs In 2015 Westchester County Budget | Chappaqua Real Estate

Westchester County has approved a 2015 budget plan, with a modest spending increase and no hike in the tax levy.

The $1.75 billion spending plan also contains no layoffs, and maintains and improves essential service delivery, according to the office of county Executive Rob Astorino.

“This is a smart and responsible budget that protects the interests of all county residents,” Astorino said in a news release. “It strikes the right balance between taxes and services.”

The budget increases spending by 0.5 percent, or $10 million – less than the rate of inflation, the release said. There will be no reductions in services, and the county’s safety net was maintained with spending for the Department of Social Services at $545 million, the release said.

The tax levy will remain at $548 million for the fifth year in a row, and sales tax was projected to rise by 4 percent to $414 million, the release said.

The budget passed by a vote of 10 to 7, winning the vote of all seven Republican and three Democrats on the Westchester County Board of Legislators, the release said.

The board did reach a compromise in borrowing to pay tax certioraris – the claims made against the county by property owners challenging their tax assessments. The county will only borrow $5 million rather than the $8 million it borrowed last year, as an alternative to service cuts or layoffs that otherwise would have been used to offset costs.

 

read more….

 

 

http://newyork.cbslocal.com/2014/12/09/astorino-no-tax-hikes-layoffs-in-2015-westchester-county-budget/

Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.

Recent Posts

Out of Sevice with brain injury since November.

Just back out of hospital in early March for home recovery. Therapist coming today.

2 years ago

Existing home sales down 28% | Katonah Real Estate

Sales fell 5.9% from September and 28.4% from one year ago.

2 years ago

Single-Family Housing Contraction Continues | Bedford Hills Real Estate

Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…

2 years ago

Closed Median Sale Price in Hudson Valley/NYC Markets Declined by 2.50% in October | Bedford Real Estate

OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…

2 years ago

Building Materials Prices Decline for Second Consecutive Month | Pound Ridge Real Estate

The prices of building materials decreased 0.2% in October

2 years ago

Mortgage rates drop with inflation drop | Bedford Corners Real Estate

Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.

2 years ago

This website uses cookies.