Hits: 0
WPCNR COMMON COUNCIL CHRONICLE-EXAMINER. By John F. Bailey. May 24, 2011:
The Roach administration and Common Council chose to preserve city services rather than layoff employees to lower the tax rate more, last night when they cut $814,825 off the budget by finding savings through procedures to lower the proposed tax increase of 6.7% to 4.9%.
The city tax increase in dollar terms, Roach told the Common Council in his opening statement was $124 for an average
When the county tax for 2011, the school tax for 2011-12 and the new lowered 4.9% city tax are considered, the median-valued
The tax on the White Plains mid-market home has gone up approximately $168 from the schools; dropped $46 from the county, and gone up $154 from the city . The total tax increase year-to-year from the three taxing authorities is $276.Of course, if your home is market-valued at more than $650,000, your taxes will be higher.
Mayor Thomas Roach, asked why the city chose not to layoff employees to lower the tax increase closer to the rate of inflation (2%), said the city wanted to preserve quality of life by maintaining a high level of services to the public.
He blamed the rise in taxes on the mandate imposed on the city by the state requiring increased contributions to the pension fund and the health care benefits which alone account for about $8 Million. The city pension and health care premiums are up 4.84% and 4.86%, Roach said
Michael Genito and Eileen Earl, Commissioner of Finance and city financial consultant, respectively, made a presentation explaining how the cuts came about.
Genito said the city faced an $814,825 shortfall in revenues lead by an unexpected drop in mortgage taxes of $350,000, $12,000 in state aid for the Youth Bureau and an $803, 868 drop in the tax levy (due to a $3.2 Million drop in the assessment roll) and drop in Payments In Lieu of Taxes of $47,218. He said the city made up that $814,825 revenue shortage by finding ways to cut expenses due to developing situations that were unexpected benefits of the city’s financial prudence.
Genito and Earl said the city enjoyed a $165,000 drop in interest expense in the coming year thanks to a lower bank anticipation notes sales at an interest rate of .75%, for city certiorari payments and other capital expenditures. (The notes have to pay a higher interest if not paid off in five years, Earl told WPCNR).
The city cut contributions to the Library Fund by $66,000; saved $110,000 from less “waste haulaways” due to the success of the city recycling program; saved $107,000 in various jobs turnovers; and $97,423 in overtime/ part-time/and benefits (savings).The city also cut its contribution to the Self-insurance fund by $100,000 for a savings of over $727,999
Mayor Roach said there would be no city raises in the coming budget. A member of the council promised there would be no surprise raises given commissioners and appointed officials after the budget is officially passed Thursday evening,(as there were last year)
The Commissioner of Finance Michael Genito told WPCNR today the only increases in pay are those “contractually required” based on merit increases tied to “longevity.”
The city budget now tops out at approximately $160.4 Million. The city tax rate moves from $167.82 last year to $176.11 per thousand dollars of assessed valuation.







