NEW ROCHELLE, N.Y. -- The New Rochelle City Council unanimously adopted on Tuesday, Dec. 17 a budget for fiscal year 2014, which retains essential services, meets the City’s contractual agreements, and stays within the New York State-imposed cap on the property tax levy.
With a tax levy increase of 1.63 percent and a tax rate increase of 2.06 percent, the average property owner will see an increase of $65 on the city portion of the annual tax bill.
Additional revenue used to offset the tax levy increase was realized from the sale of city-owned property and Avalon II, the passage of New York State legislation changing the way fire hydrant expenses are billed, and a lesser increase in health-care costs.
The council also adopted a capital improvement budget of almost $14 million, 70 percent of which is funded by federal and state grants. Projects address maintenance to the city’s infrastructure include street resurfacing, storm drain and sanitary sewer improvements, tree planting and sidewalk replacement. A bond issue to borrow $2,501,713 will finance the acquisition of public works and parks vehicles, a fire engine and drainage improvements in the Halcyon Park area.
“I am gratified by the unanimous support for this budget, which maintains our existing level of services, at a minimal impact to our taxpayers,” City Manager Charles B. Strome III said in a statement.