LCOR Gets Lot, $230M If needed; City Buys 4 Crom for $2.9M

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WPCNR  West Side Story. Special to The CitizeNetReporter from Don Hughes, James Benerofe. March 28, 2007 UPDATED 9:43 A.M. UPDATED WITH PLAN PIX 11:25 AM, UPDATED 12:53 PM: The Urban Renewal Agency designated LCOR as the designated developer of the city municipal commuter parking lot, and has been asked by LCOR to finance the project by floating as much as $230 Million in URA Revenue Bonds, though the decision to finance the project has not been made.  The justification for justifying issuance of such bonds is to make the Bank Street  a demonstration project to build more affordable housing than the present city requirement of 6% . The project, according to plans just received by WPCNR — would consist of two apartment complexes rising 29 stories to a height of 272 feet on the southend of Bank Street adjacent to the Metro-North Railroad. opposite the Mercedes-Benz dealership.



The Bank Street Job


 2 Buildings Built on city Commuter Parking Lot, 29 Stories each, 272 feet tall, 536 Apartment Rentals, 109 “below market,”costing $230 Million Most Likely to be Financed by the White Plains Urban Renewal Agency. Photo, WPCNR News


LCOR is agreeing to pay the city $15.5 Million for the city municipal parking lot adjacent the present Bank Street Commons apartments (previously was, $16.5 Million).  The agreement is conditional  that the financing for the project should be in place by the end of the city’s fiscal year, June 30. This arrangement, it was said at the meeting was to provide $5 Million to help balance a shortfall in the city budget.


In other blockbuster action, The Urban Renewal Agency approved purchase of 4 Cromwell Place from the Legal Services of the Mid-Hudson Valley for $2.9 Million Wednesday afternoon which is to be financed by the city through bonds. The agreement acquires the final piece of land needed to execute the Sunrise Senior Living development, fronting on Maple Avenue and the parking garage for White Plains Hospital Center, that will be built behind the Sunrise facility.



 


Meanwhile at the corner of Maple & Cromwell…


In the Sunrise Senior Living/White Plains Hospital Center/Municipal garage project, the Urban Renewal Agency agreed that the city would purchase the Cromwell Place property with bonds for $2.9 Million.


The lot owned by the Legal Services of the Mid-Hudson Valley  was a needed piece in order to fit in the new garage being built between Longview Avenue and Cromwell Place.  That garage (six stories)  would deliver 300 parking spaces to White Plains Hosptal Center and 300 municipal spaces, partially to be used by the Sunrise living center.  The city plans to issue $17 Million in bonds to build that garage, of which White Plains Hospital Center  would pay half the construction costs, plus they will rent 300 spaces from the 600 spaces in the garage from the city.


Perfect Timing.


Interestingly, the Legal Services people have said they will purchase the Cuddy and Feder building at 90 Maple Avenue across the street for about $2.9 Million to house themselves, thus possibly saving Cuddy and Feder  the cost of commissions if they shopped the property on the open real estate market. Legal Services of the Mid-Hudson Valley essentially is able to engineer a building swap. Cuddy & Feder very recently moved into new offices in White Plains from 90 Maple and wish to sell the building.


It was made clear by city officials at the meeting that the city, once it had built the municipal garage for the Sunrise development and White Plains Hospital Center, the city would then be able to resell the former Legal Services Building or keep it for city use, because there would then be parking for the building, which would have to disappear while the garage was constructed.


LCOR ASKS Urban Renewal to Finance with $230M in Revenue Bonds if Needed


On the Bank Street matter, the Urban Renewal Agency for the second time in six months is considering acting as a lender (the first was to the Ginsburg Development Corporation on The Pinnacle affordable housing piece) and now, to LCOR if necessary.


In fact, LCOR has asked the Urban Renewal Agency to assist with the financing, according to an amendment issued at yesterday afternoon’s meeting, which reads:


The Agency has been requested to consider financing the
project thorough the issuance of tax exempt obligations in
amount expected not to exceed $230,000,000.  Although the
actual issuance of such obligations is contingent upon future
actions of the City and the Agency, and others, and the Agency
has not committed to the issuance of such obligations, the
Agency expects that if such obligations are ultimately issued,
the proceeds would be used, in part, to reimburse expenses
incurred prior to their date of issuance.


According to Mr. Hughes, this amendment was put in at the request of the LCOR lawyers, in order that should the Urban Renewal Agency end up deciding to finance the project, expenses up to the period of the bonding would be able to be included in the bond.


No Bonds yet.


Susan Habel, Commissioner of Planning,  who heads the White Plains Urban Renewal Agency, advises WPCNR that at this point  the Urban Renewal Agency has not approved any bonds for this project: writing, ” I, along with Randy Mayer spent considerable time after yesterday’s meeting explaining to Keith Eddings and Don Hughes that the Agency DID NOT AUTHORIZE ANY BONDS FOR THIS PROJECT. The paragraph that was added to the resolution merely says that IF, after all approvals by the Agency and the Common Council the Agency were, in the future to decide to issue revenue bonds, the expenses incurred in developing the project at this stage could be considered bondable expenses of the project.”

In order to assure that LCOR has the financing in place within three months time, the Urban Renewal Agency, agreed to act in its capacity as industrial development agency, to float up to $230 million in revenue bonds, if needed to  enable LCOR to finance the project. The bonds, it was said were only to be issued and be used if LCOR did not get the project bankrolled privately.  Those bonds would be paid back by LCOR using the rents from the project.  Presently, LCOR has no financing lined up for the twin building rental project.



The Bank Street Facade From Street Level


LCOR produced preliminary site plans for two 29- story apartment buildings occupied with residential units (with an extra story for mechanicals on the rooftops for a total of 30-stories (according to plans just received by WPCNR) rising to a hight 272 feet, with six stories of underground parking.


 



There would be a podium structure between the two buildings housing the parking with a swimming pool on the roof, similar in design to the Ritz-Carlton hotel going up on Main Street. There would be four retail units on the first floor of one tower, and business office use in the first floor of the second tower. Hotel previously proposed by the LCORs would be at the right (in gray). LCOR is still negotiating with hotel operators to put that together.


Striving for a big dent in the affordable housing demand List and repair the City Budget.


In exchange for being named the designated developer, LCOR agrees to “try” and make 20% or 107 to 109 of the 536 rental units affordable apartments.  This is why the Urban Renewal Agency is calling this a demonstration project – to show you can make buildings work with a higher percentage of below market rate housing. The White Plains Planning Department has requested that the affordable units be made up of studios and 2 bedroom apartments. The studios would be approximately  20 feet by 30 feet, (600 sq feet) the 2 bedrooms apartments  about 24 x 35 feet (843 sq. feet).



Cross Section of Typical Tower.


The city is in a hurry to push this deal through in order that the $15.5 Million payment for the municipal parking lot can find its way into this year’s budget to fill a $5 Million hole. Don Hughes quotes Paul Wood, the City Executive Officer as saying that was all that was needed of the $15.5 million, to mak up for this shortfall, made up in part by the failure of the city to collect on the original sale of the Railside properties, which was to bring in $2.9 Million. 


 


WPCNR speculates that the other part of the short fall was the million dollars the city has had to spend to clean up the compost  on the city landfill at the order of the Department of Environmental Conservation.  How the $15.5 Million would be paid to the city has not been made clear.


The Common Council has gone along with this project.  The council still has to approve the site plan. Rita Malmud was in attendance and also attended the executive session afterwards. Ms. Malmud noted that the language in the legislation referred to LCOR “trying to” build the 20% level of affordable units, instead of guaranteeing to build the units. But, this was apparently not resolved as to what would happen if the 20% were not obtainable.


On the matter of the hotel…


Peter Gilpatrick, LCOR principal addressing  the gathering, according to both WPCNR correspondents said LCOR is negotiating with hotels and was looking at putting in an extended stay type of hotel there, not a luxury hotel, convention center, or ballroom/catering capability.


A Look Into the Future — City Moot on Key Questions.


WPCNR contacted city hall this morning to ask if the White Plains Urban Renewal Agency planned to execute more revenue bond financing in other areas of the city by declaring them urban renewal areas. WPCNR also asked City how much in fees the Agency would charge in floating the bonds on the market for LCOR. We also asked if a PILOT (Payment In Lieu of Taxes) was going to be cut for LCOR on the project.


WPCNR also asked if the payment for the land was actually only $10 Million, since the city had originally said the land was worth approximately $21 Million. In which case, in order to realize $15.5 Million as stated yesterday the city would have to pay for the 200 parking spaces now, not later.


City hall has not returned calls to answer these three questions.


 


 

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No Alleged Overcrowded Homes List Given to Safe Housing Task Force in 15 months

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WPCNR SCHOOL DAYS. By John F. Bailey. March 28, 2007: The White Plains City School District, despite frequent statements at public meetings over the last few years, did not inform the City Safe Housing Task Force of any possible locations where overcrowded housing existed in the city in the entire year 2006, or in the first three months of 2007.


 


School representatives say at Council of Neighborhood Association meetings, particularly, have said that they cooperate with the city and share information to identify possible single family homes, rented out in violation of zoing, and thus,  containing multiple families,  based on school records of names and addresses of children attending White Plains schools. This may have been done in the past, but not in at the last 15 months.





Patti Cantu, President of the Battle Hill Association, prompted by the recent deaths of children in a Bronx home March 8, sent an e-mail to the Superintendent of Schools and Safe Housing Task Force, asking “How does the White Plains City School District notify the Safe Housing Task Force of a list of addresses that may be of concern with too many children residing in dwellings?”


 


Ms. Cantu, contacted by WPCNR in a routine follow-up call, said she received an answer from the Superintendent of Schools reporting that no lists of possibly overcrowded homes were sent to the task force in all of 2006 and 2007.


 


Ms. Cantu told WPCNR today, “I don’t care who is illegal, as far as we are concerned the issue is safety. I don’t know what he reports. None were reported (by the school district to the Safe Housing Task Force) in 2006 or in 2007, according to his e-maill.  Many other municipalities’ computer systems are in sync with their school district computers. Our city and school district are not. They are not working jointly to attack this problem (of overcrowding).”


 


Ms. Cantu and her neighbors on Battle Hill have assembled a list of approximately 50 or more dwellings committing alleged violations of parking, litter, and assorted quality of life issues,  and possible overcrowding for the Safe Housing Task Force to take action on. She is attempting to have a meeting with Damon Amadeo, the Acting Building Commissioner, to discuss the list and develop a plan of action.


 


In a related development last week, Damon Amadeo, the Acting Building Commissioner discussed addition of another building inspector for the Building Department, which Battle Hill Association and Councilman Glen Hockley have been encouraging. Amadeo said most violatons that the Safe Housing Task Force investigates are uncovered by police responding  to locations, who report alleged unsafe conditions to the fire department and the building inspectors who go in and analyze the premises for violations. Amadeo said the city does not put families out on the street, but follows up with the landlord.  He said that there would be some night hours and stepped-up inspections at odd hours.


 


 


Glen Hockley, the Councilman took issue with Amadeo on the intensity of the enforcement. Mayor Delfino defended the Safe Housing Task Force, on the grounds that “are we perfect, no, we’ll never be perfect.”


 


 


WPCNR asked Amadeo how many overcrowded dwellings had been discovered by the SHTF in the last year, and how many violations of code at residences had been documented by  the Safe Housing Task Force in the last year. Amadeo said he did not have those figures available and I would have to get them from the police.


 


A month or more ago, WPCNR asked Glen Hockley, the councilman for a report card on the Safe Housing Task Force activities: overcrowded residences cited, their current fates, and violations of code. To date, Mr. Hockley has apparently not been able to obtain such a performance report.


 


 

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Hey, Hot Metrocards He-ah! Get Your Metro Cards he-ah!

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WPCNR BUMPER-TO-BUMPER. From Westchester County Department of Communication. March 28, 2007: With just days before the Sunday debut of MetroCard to Westchester, riders can now stop by the Westchester County Center starting tomorrow for one-stop MetroCard shopping.

The County Center sales center will be open 9 a.m. to 4 p.m. weekdays and will handle special discount MetroCard applications for seniors and those with qualifying disabilities as well as sell unlimited ride and pay-per-ride MetroCard for everyone else.  Refills of existing Reduced Fare MetroCard is expected to begin on Thursday, March 29.


 



Metro Cards or Exact Change are the only ways to pay for your trips on county buses beginning Sunday.


MetroCard available for sale tomorrow with cash or credit card are:


·        $4 Pay-Per-Ride MetroCard


·        $10 Pay-Per-Ride MetroCard


·        30-Day Unlimited Ride MetroCard ($76)


·        7-Day Express Bus Plus MetroCard ($41)


Besides the County Center, 78 neighborhood stores, including many Stop and Shop supermarkets, have signed up to sell MetroCard.  The list of locations is available at www.westchestergov.com or by calling the Bee-Line Hotline at (914) 813-7777.  MetroCard can also be bought at all 43 Metro-North train stations’ ticket offices or vending machines.

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Skeleton Discovered in Brush in front of Bloomingdale’s

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WPCNR POLICE GAZETTE. From White Plains Police. March 27, 2007: Landscape workers clearing brush on Bloomingdale Road this afternoon encountered a skeleton, police said, that had apparently been there all winter.


Deputy Commissioner of Public Safety, Daniel Jackson in a statement to WPNCR this evening said “The skeletal human remains were found about 30 feet from Bloomingdale Road in front of the Bloomindales property. It is unknown if the person was male or female at this point. The body had obviously been there throughout the winter and was in an area that was probably covered in water for some of the time. The medical examiner will have a better idea once he starts looking at the remains. There were no obvious signs of trauma to the skeleton. There was some clothing on the remains.  The remains were found by landscape workers who were clearing brush from the area.”

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Fliers Urged to Get Rides to County Airport. Parking Capacity Limited.

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WPCNR AVIATION NEWS. From Westchester County Department of Transportation. March 27, 2007: Westchester County warns passengers departing Westchester County Airport this weekend to ride to the airport and not drive there expecting to park. The county reports flights are full, parking is limited and illegal parkers will be ticketed and towed. It is the second straight weekend that airport parking capacity has been declared inadequate to handle the customers using the airport.


       Spring break week will bring droves of holiday travelers to Westchester County Airport. And with a new popular carrier Jet Blue starting service tomorrow, there are likely to be many travelers who are flying out of Westchester for the very first time. 
         


  County Executive Andy Spano has a message for you: “Westchester County Airport is clean, convenient and safe, but if you want the best traveling experience: Get a ride to the airport, don’t drive.’’

          With the expected holiday rush and limited parking, travelers will find it more convenient and – in the long run – cheaper to get a ride to the airport.  That’s especially true as county police will begin this week to crack down on illegally parked cars.


          To make it easier for travelers, Westchester County is working with taxi and limousine companies and many are offering 15 percent discounts during the month of April. Log onto the county’s website at www.westchestergov.com for a list of car services that serve the airport, as well as information on Bee Line buses, which run to the airport from the White Plains TransCenter. Ads promoting alternative transportation to the airport will also begin running this week.


         If that’s not enough encouragement to get a ride to the airport, Westchester County police will also begin issuing tickets or towing cars that are illegally parked.
        “We would like everyone’s trip to and from the airport to be as enjoyable as possible,” said Public Safety Commissioner Thomas Belfiore. “Please plan ahead. We don’t want to have to ticket or tow your car because it was illegally parked.”


 

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Adam In Albany:Legislation Does Not Get Lost in March Madness

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WPCNR’S ADAM IN ALBANY. By New York Assemblyman Adam T. Bradley, 89th District. March 27, 2007:


This year my colleagues and I in the Assembly have worked with both the Governor and the Senate to pass significant reforms that had languished for years.  Compromises were reached on workers’ compensation reform (Chapter 6 of 2007), budget reform (Chapter 1 of 2007) and ethics reform (A.3736-A).  Now the focus is on the budget and the joint conference committees have begun.  However, there is much more legislative activity besides the budget being conducted and I have introduced numerous pieces of legislation to protect consumers from unfair business and insurance practices.


 


Since my first days in Albany I have advocated for HMO reform.  Some insurance companies unjustly and deceitfully take advantage of patients and their families by making them jump through hoops.  Families are forced to navigate through an unrelenting and complicated system of inconsistent procedures and refusals for reimbursements.  While insurance companies make record profits, our hospitals and nursing homes face funding cuts at both the state and federal level.  It should not be this way and my measures seek to level the playing field between insurers and health care providers:


·                                 A.2058 – Provides that an insurer may not terminate a physician’s participation in a managed care plan solely because he or she is only credentialed in non-participating hospitals;


·                                 A.1755 – Provides that an insurer may not charge out-of-network rates for an in-network hospital, solely because the patient used an out-of-network physician; and


·                                 A.3073 – Provides that claims for services by specialists may be subject to review by another specialist in the field if they are initially denied by the insurance company.


 


Additional measures I have sponsored range from consumer protection, to tax relief, to more local control over our town highways:


·                                 A.1415 – Requires any entity that provides mortgages to inform its customers of the potential adverse effect mortgage rate shopping may have on the customers’ credit ratings;


·                                 A.3099 – Includes pension and retirement plans as plans eligible for income reduction when determining eligibility for the Senior STAR exemption; and


·                                 A.6260 – Provides that the town board of certain towns may establish maximum speed limits on certain town highways.


 


Interestingly, quite a few of these measures have come from constituents reaching out to my office to make sure that I am aware of issues affecting either the county, a specific town or a family member.  March Madness is definitely in full swing with the state budget, but other legislative issues are still very significant.

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Senate Passes White Plains Sales Tax Again. Less than 7.7% City Prop Tax Increas

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WPCNR ALBANY AMBLER. March 27, 2007: The state senate extended the White Plains sales tax of 2% yesterday for two more years, and the bill awaits Governor Eliot Spitzer’s signature it was reported by State Senator Suzi Oppenheimer yesterday, according to news reports. This allows the city to submit one budget April 4, to the Common Council.


 However, no one on the Common Council has seen the budget being prepared without input from the Budget and Management Committee. Councilman Benjamin Boykin told WPNCR he was not being consulted on the budget. Previously, the city’s Chief Financial Officer, Gina Cuneo-Harwood, (and only financial officer, there being no Budget Director), had said the preliminary budget would be available March 15 to discuss options with the committee. However, that date has come and gone, and now the budget is expected April 4 — the date of the next regular monthly Common Council meeting.


Mayor Joseph Delfino said in a quote to The Journal News reported this morning,  he was proposing a city property tax increase of less than the school budget increase of 7.76%.


 By WPCNR estimate  a 7% increase in property tax by the Mayor would boost the city tax rate to about $142 per $1,000 of assessed value, meaning for the owner of a $700,000 home in the city would pay $2,623 in total property tax, an increase of $173.  


A 7.8% increase in city taxes last year bumped the city budget 5.2% and a 7% budget increase by the Mayor would likely bump the city’s “mystery budget” to approximately $154 Million compared to last year’s $146.3 Million. But, we must caution this is purely speculative on the numbers, though it would provide for 4% increases for all city unions  this year if the Mayor were to execute such an increase.

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Board of Ed Rejects Superintendent’s Budget. Will Review for More Cuts.

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WPCNR SCHOOL DAYS.  By John F. Bailey. March 26, 2007, UPDATED 9:20 AM: The White Plains Board of Education rejected Superintendent of Schools Timothy Connors “Superintendent’s Budget” Monday evening, voting unanimously to  table adoption of the budget until April 9, pending another review by the Finance Committee this week.


 The movement to take one last look at cuts was lead by Donna McLaughlin, who said, “I question this facilities budget.” She said to WPCNR the line comprised about $11 Million of expenses including utilities, ($2.9M), maintenance($1.75M), Supplies($2.M), Repairs($645G), Equipment ($495G).


 Assistant Superintendent  for Business Fred Seiler put on the world’s fastest powerpoint slide show, holding slides up about 10 seconds each in explaining  $752,727 in new budget cuts to the board,  as first reported by WPCNR this afternoon, lowering the 2007-2008 Proposed Budget to $173,088,027. It was previously, $173,840, 754.


Based on Mayor Joseph Delfino’s pledge to hold the line on property taxes at below the school budget increase of 7.76 %, It is clear that the tax burden of the combined increases of school, city and county taxes combine for a  7% going on 10% increase in the White Plains median tax payer’s bill in a year when the inflation rate was only 3.1%.


 



$752,727 Cut—Music , Special Ed Suffer.


Seiler explained that the district had cut $752,727 out of the previous $173,840,754 budget by eliminating $28,300 for all new instruments for the WPHS music department, while retaining money for new WPHS band uniforms, and eliminating 4 teacher positions (most pertaining to Special Education, according to Seiler) for a savings of $689,527 when salaries, non-instructional staff salaries, health insurance, social security payments and retirement from the reduced positions was totaled).


This, he said cut the budget-to-budget increase to 4.37%, the lowest White Plains budget increase in 9 years. The lowest budgets previous to this 4.37% increase were 4.95% in 1999-2000 when the budget was $103.4 Million, and 1998-99, 3.43% when the budget was $98.5M. For the record the budget has gone from 95.2 Million (1997-1998) to $173.1 Million in 10 years.


Tax Increase Eases


The sobering frugality rehab of the 4.37% increase has lowered the tax increase required in the new budget to 7.76%, down from the 8.35% increase of one week ago.


 Seiler noted the  average house assessed at $15,000 of assessed value would pay $516.75 in increased taxes in 2007-2008. Mr. Seiler said this would be reduced with a STAR exemption plus Governor Spitzer’s graduated STAR refund from the income tax now under consideration from Albany.


Big Picture: 7%  Increase in Schools, City and County Tax in 3.1% Inflation Environment.


Taking a look at the big tax picture in a 3.1% inflation year in New York State, the median home taxpayer is going to get hit for about an $11,500 tax bill in 2007. For the median priced home in White Plains ($700,000) with the STAR reduction this computes to $502 more in taxes.  


If you were an owner of that $700,000 median home, you paid $6,472.39 in school tax in 2006 and will pay $502 more (7.76% More) or $26 shy ($6.974)  of $7,000 in school tax in 2007-2008. Add to this a county tax of about $1,700, a city tax of about $2700 (possibly a 7% Plus tax increase at least coming up–according to Mayor Joseph Delfino in a public statement reported today), and Mr. and Mrs.  White Plains Median Homeowner is going to pay about $11,500 in taxes to the schools, the city, and the county this year, that is UP 10% in one year.


To recap, school taxes increase $502. Your city tax goes up $203, your county tax up about $50 — for about a $750 tax increase in total on your $700,000 home. The total tax bite: $6,974 to the schools, $2,623 (approximate) to the city and $1,700 to the county. Total estimated taxes:$11,300 up $736 — amounts to a 7% increase in property taxes in a 3.1% inflation environment. 


Vote down the budget and your taxes go back up to 8.35%


Mr. Seiler explained how the contingency budget, should the new cut budget be defeated would affect taxes. They actually would go up back to 8.35%  moving your tax up to $540 from the $502 increase, since a contingency budget would enable the district to spend $173.838,452 Million the amount of the contingency budget.


The Contingency Budget, Seiler demonstrated, is arrived at by taking out the debt service ($5,887,168) from the current budget ($165,841,434) giving you a base year adopted budget of $159,954,266. Next, Seiler said you multiply that by the 2006-2007 CPI of 3.84%.


The state computes the inflation rate for January 2006 to January 2007 as 3.2% multiplied by 120% for an inflation rate of 3.84% which gives you a new budget of $166,096,510, plus you add the debt service of $7,668,879 and $73,063 for projected enrollment to produce a contingency budget for 2007-2008 of $173,838,452  — actually $2,302 less than last week’s proposed budget.


For the record the Bureau of Labor Statistics computes the rate of inflation in the New York New Jersey area from February 2006 to February 2007 as 3.1% compared to 2.02% for the entire country.


The Superintendent said it was important that residents know that voting down the budget would cost them more in taxes .


Seiler said an option might be to go out with any defeated budget a second time.


Lowest year to year increase of 21 districts. Above Average Tax Increase.


Mr. Seiler pointed that the new White Plains year to year budget increase of 4.37% was the lowest of 21 districts in the Southern Westchester School Boards Association, where the district Y-T-Y increases are averaging 7.08%


The average tax increase of these 21 districts is 7.25%, making White Plains above average at 7.76%


Hold on Mr. Superintendent


The Superintendent of Schools, Mr. Connors, said the new $173.1 Million budget “maintains the quality of our programs, maintains class sizes where they have been,” and is one he felt comfortable “going out to the public with.”


Mr. Seiler came on and explained the budget cuts with his greased lightning slide show, (your reporter’s digital camera could not reset fast enough) and Mr. Bassano asked him to explain the Contingency Budget. Mr. Connors suggested that his talking to Albany today indicated there was support in the legislature for Mr. Spitzer’s budget cuts.


All seemed going well. But then, Donna McLaughlin spoke up.


Donna McLaughlin was troubled. She asked if the Board had to approve the budget this evening or whether it could be delayed. Seiler said the Board had to have the budget in to be voted on by April 16 (30 days before the May 15 vote.)


McLaughlin then said she felt the budget “had to be looked at more carefully, looked at a bit more closely.” She thought the Finance Committee (of administrators) should “go around on this maintenance budget. I’m not comfortable without taking a closer look.”


Connors asked what specifically she felt needed to be looked at. (The budget has been around with the same numbers for one month. She said, “I’ve talked in the past about the facilities budget and I’m not happy about it. I think we can tighten up. It hasn’t changed. We need to be as tight as we can. We don’t mean to be difficult.”


She put forth a motion to table approval of the budget until April 9.


Peter Bassano said, “We’ve seen belt tightening this year that’s unprecedented,” but said he would support further discussion (‘Let’s make sure we have it right.”) Board member Bill Pollack said he did not want to “lose momentum.”


Pollack, Bassano and McLaughlin made reference to e-mails they have received (a lot apparently) on the issue of the budget.


The Finance Committee will meet this week, and the Board will return April 9 to vote on the budget.

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Avalon Bay Gets its Paperwork. Prep Work Starts in 2 Weeks

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WPCNR Church Street Story. By John F. Bailey. March 26, 2007: Avalon Bay the 393 unit rental complex scheduled to go up on the former AT & T parking lot has received all its building permits, according to an Avalon Bay spokesperson speaking to WPCNR today. Allan Jordan of Avalon Bay said site preparation work,  consisting of erecting fencing and demolition of the parking lot would begin in about two weeks, with a ground-breaking scheduled later in the spring. Permits were all secured within the last 10 days.



Avalon Bay rendered viewed from Church Street looking South.  Mr. Jordan said that nothing has changed essentially from what was approved with 45 townhouses (shown above on the North side of the complex looking towards Main Street and  348 apartment units planned to be built on the 6 story town houses filling the square block of the parking lot. Photo, WPCNR News Archive.



Avalon Bay ‘s 348 apartments in the 14-story apartment wings,  viewed from intersection of Church and Barker looking North North West. Photo, WPCNR News Archive. 


 



Manhattanites fly in for a check out of the Avalon Bay Apartments site at the Church Street and Barker Avenue Intersection, seen in background in upper left of photo. Photo, WPCNR News Archive.


 

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BOE Refuses to Vote on Budget, though Connors Cuts $753Gs- Tax Incr Eases to 7.8

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WPCNR SCHOOL DAYS. By John F. Bailey. March 26, 2007. UPDATED 8:21 A.M. E.D.T. March 27, 2007 with last night’s budget figures. : Superintendent of Schools has slashed the White Plains City School District Budget $752,727 before presenting it to the Board of Education for adoption this evening. The new budget comes in at $173,088,027 dollars, according to Michele Schoenfeld, Clerk to the Board of Education, who reports the Superintendent “just signed it” moments ago. The cut saves $38 in school taxes on a  median priced home in White Plains ($700,000 on the market).


The tax increase in the 2007-2008 budget drops from 8.35% to 7.76%. The year to year budget increase is now 4.37% compared to last year’s budget of $165.8 Million. The new budget  of $173.08 Million is below what a state formula contingency budget would cost the district — $174M estimated by Assistant Superintendent for Business, Fred Seiler last week (using an inflation rate of 3.8% plus 1.07% in debt service. The previous budget ($173.8 Million)  the district was prepared to go with one week ago presented a 4.82% year to year increase.


Though inflation March 2006 to March, 2007 is calculated at 1.85%,  the district is getting a huge break in calculating contingency budget parameters because the state calculates inflation January to December which works out to 3.2% for all of 2006, according to the state. That is multiplied by 120% to reach thed 3.84% cap on the contigency budget. In an earlier edition to this story we had speculated that year to year inflation would be a lot less (1.84%) meaning an even lower contingency budget of $170M, but this is not the way the state calculates it.


The 7.6% tax increase below last year’s tax increase of 8.12% and below the previously offered 8.35% tax increase. It means  the owner of a $700,000-priced home will pay  $502  ( $11) more in school taxes. Last year such a home paid $6,472.49 in school taxes and would move up to $6,974 in school tax in 2007-2008.


When originally presented as a preliminary budget in January, the budget stood at $182 when the Board of Education got its first look at Assistant Superintendent for Business Fred Seiler’s Preliminary Budget of 2007-2008 expenses which topped out at $182.2 Million (a 9.8% increase – including projected salaries). A sum of $8 Million was taken out which had been budgeted for certioraris which were agreed upon to pay in installments in coming years.  The budget has been dropped $9 Million in two months — mainly thanks to the certiorari delay.


At a 5% per year budget increase– assuming no decreases in assessments over the next four years, the budget will hit $200 Million in 2010-2011 — three years from now. However the big if is if assessments remain where they are. Any further decrease in assessments will easily put the school district at the $200 Million mark in 2009-2010 or sooner depending on how disastrous the assessment declines are and the certs are in coming years. 









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