For Immediate Release:
August 30, 2018
The Mayor of the City of Plattsburgh will be conducting a press conference on the steps of City Hall tomorrow (Friday), August 31, at 2:30 pm to present to the public and discuss the Mayor's Budget for 2019.
To introduce the budget, the Mayor will announce the city’s Fiscal Stress Score calculated by the Comptroller of the State of New York. The Comptroller's Office has calculated a preliminary score of 64.2 for the City, which places it in the category of "Moderate Fiscal Stress" for 2017. A score of 65 or above is the worst rating, of "Significant Fiscal Stress". Only one city, and one village, in the State of New York is in the Significant Fiscal Stress category. The City of Plattsburgh narrowly averted the "Significant Fiscal Stress" category by taking significant action in January of 2017, followed by major department reorganizations in June of 2017, to remedy the Mayor's Budget published in October of 2016.
The Mayor will also discuss the level of property taxation in the City of Plattsburgh compared to other New York cities, as a share of both household income and per capita income. Based on each of those measures, the taxpayers of this city and region are near the top of the highest taxed in New York outside of the major and bedroom cities between New York City and Albany.
Finally, the Mayor will present his proposed 2019 budget, which follows in the austerity he began with his first budget from August of 2017. The proposed budget will show that he was able to exceed revenue and improve the fund balance targets proposed by the Common Council. The budget does so without exceeding the council's proposed modest tax increase, which did not exceed the rate of inflation. The proposed budget was also below the expenditures cap mandated by the Common Council.
The Mayor commented, "Obviously, it will take a couple of years to turn around the fiscal misfortunes of a city that spent beyond its means for a number of years. While 2019 will remain challenging, the very difficult work we are doing will begin to pay dividends in 2020 and beyond. Meanwhile, we are back on track in repairing neglected roads and recreational facilities. The budget also ensures we can continue to maintain the jobs of our workers on the front lines of maintaining our streets, delivering our programs, or keeping us safe. I credit this to councilors willing to make difficult decisions and our department heads and employees willing to come to work each day to create value for our taxpayers and keep them in their homes."
The mayor will answer questions related to the budget, the fiscal score, the level of property taxes in the City of Plattsburgh, and the city's program to improve and expand on services provided to our residents and our region.
Colin L. Read
Mayor, City of Plattsburgh