WPCNR COMMON COUNCIL-CHRONICLE EXAMINER. May 22,2009: The Council is set to approve a $158.2 Million Budget next Thursday morning for the fiscal year 2009-10, beginning July 1,2009, which preserves the city undesignated fund balance and appears to keep the fund balance at $11 Million. The council also decided to float $2 Million in bonds to preserve part of the fund balance through borrowing, to take care of court-required payments of an unspecified nature, perhaps the labor settlement expected in January, certiorari refunds, or whatever. It is not specified what the $2 Million is for.
In papers filed with the City Clerk the 09-10 budget is described by Acting Budget Director David Birdsall as totaling $158.2 Million. No city Commissioners, the Mayor or Common Council will receive increases according to Council President Benjamin Boykin, in a statement to WPCNR News. The cut is approximately $2 Million lower than the Mayor’s budget of $160.2 Million submitted April 1.
The council budget keeps the tax increase at 6.5%, meaning a $2,902 tax bill for the $650,000 to $700,000 White Plains home, $178 more than last year’s tax of $2,724. If your home is worth more than that, you’ll pay more.
Absent a explanatory news release from City Hall, WPCNR has pieced together what the council apparently did to restore the $11.2
The Council has increased the Library Fund about $300,000, but declined to restore all of the $6 Million budget the library receives this year, despite a strong protest and plea staged by around 25 persons at the public hearing on the budget. The Library Fund receives $5.5 Million in the new budget.
* They cut $1 Million from the Reserve for financing, whether this is still in play is not clear.
* They are creating $2.5 Million in new revenues from taxi medallions, and increased fees.
* They expect revenue from a new 2% hotel sales tax (according to the budget papers available at the City Clerk office). Assemblyman Adam Bradley reports to WPCNR should be enacted and signed by the Governor. The exact amount the hotel tax will raise, along with a 50% share of the city’s television cable fees will pick up maybe about $1 Million.
* They have raised $2.8 Million from the 6.5% tax increase.
- They have taken a page out of the City School District Budget Playbook and agreed to issue $2 Million in bonds for unspecified court-ordered obligations, which could be certioraris, or the possible 3% labor settlement with the fire, police, CSEA and Teamsters which will be decided, according to the firefighters union by January.
- They have saved $1.9 Million in job cuts, but it is unclear who or how many will go, that is being left up to the Commissioners of Departments. Two who will go are the Acting Budget Director, and one Parking Commissioner, according to the Council thinking as of last week. That may have changed.
This all creates $10.2 to $11 Million in savings, borrowing, tax increase and fees to avoid slashing the city “rainy day fund,” the undesignated fund balance, which WPCNR believes is being held at $11.2 Million. It does however set a precedent: borrowing to balance the budget, something White Plains has not done ever.