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Yorktown Town Board Adopts 2017 Budget

YORKTOWN, N.Y. -- The Yorktown Board approved the $55.9 million 2017 budget 4-1.

Yorktown Supervisor Michael Grace

Yorktown Supervisor Michael Grace

Photo Credit: Yorktown.org

Councilman Vishnu Patel voted against the budget because he objected to the discontinuance of the $30 open space tax, according to cityinfo.org.

He also expressed concern about the increasing expenses in the budget, focusing on the 10 additional staff positions in the added over the past five years.

The town shifted approximately $400,000 in revenue collected annually from the $30 per parcel open space tax to the general fund so that some of the money could be used for additional road paving.

Instead of every property owner paying the same $30 tax regardless of the assessed value of the house, the $400,000 would be added to the tax levy and property owners would pay based on their assessed value. Supervisor Michael Grace said that under this approach, taxes would go down for 8,600 property owners, 90 would see no change, and taxes would go up for 4,000 property owners, according to cityinfo.org.

Spending is down $594,719 from last year’s $56.5 million budget, and revenues are up to $23.7 million, a $1.6 million increase from 2016.

Grace did not announce what the new tax rate per thousand dollars of assessed value would be.

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