PUBLIC HEARING NOTICE
I, Liam McLaughlin, City Council President of the City of Yonkers do hereby call public hearings on the proposed 2014/2015 City of Yonkers Operating Budget and Capital Budget as follows:
Tuesday, May 20, 2014
Saunders Trades & Technical High School
183 Palmer Rd.
Yonkers, New York
7:00 p.m.
AND
Tuesday, May 27, 2014
City Council Chambers
City Hall
40 South Broadway – 4th Floor
Yonkers, New York
Anyone wishing to speak may sign up on the night of the hearings at the hearing sites. Each speaker shall be permitted three minutes and speakers shall be called in the order in which they have signed up.
LIAM McLAUGHLIN
CITY COUNCIL PRESIDENT
Dated: May 5, 2014
* * * * *
City of Yonkers
Summary of FY15 Executive Budget
Revenues
Property Taxes: 334,280,132
Special Taxes: 146,542,000
State and Federal Funding: 108,808,000
City Departments: 29,955,051
Other Revenues: 42,072,223
Appropriated Fund Balance: 24,000,000
Sub-Total: 685,657,406
Library Fund: 165,070
Water Fund: 37,806,579
Sewer Fund: 6,693,542
Board of Education: 288,680,380
Total Revenue: 1,019,002,977
Expenditures
City Departments: 276,727,879
Fringe Benefits: 130,944,484
Special Items: 41,070,129
Board of Education: 497,952,093
Total Operating Expenditures: 946,694,585
Debt Service: 72,308,392
Total Expenditures: 1,019,002,977
Revenues vs. Expenditures: -0-
Property Tax Levy
Board of Education Property Tax Levy: 233,173,588
City Property Tax Levy: 101,106,544
Total Property Tax Levy: 334,280,132
Property Tax Rate per $1000 of Assessed Valuation (AV)
Board of Education Tax Rate: $485.31 per $1000 AV
City Tax Rate: $213.85 per $1000 AV
Tax Rate: $699.16 per $1000 AV
Capital Budget
City Total: 43,878,500
Board of Education Total: 4,855,000
Total: 48,733,500
The FY15 Executive Budget is available for review by the public at:
The Office of the City Clerk, City Hall, 40 S. Broadway, Yonkers NY 10701
http://www.yonkersny.gov/government/departments/finance/city-budget/city-budget-2015-executive
