What You Need to Know:
- The City of Yonkers held the line on property taxes, remaining within the tax cap for three consecutive years. When Mayor Mike Spano presents a budget to the City Council this month, he will again propose a budget that stays within the property tax cap for a fourth consecutive year.
- Good schools are essential to the future of our children but also key to maintaining property values. The consolidation of City and Board of Education services will cut waste on duplication of services and increase taxpayer oversight.
- Since 2012, more than 350 foreclosure actions have been filed and approximately $6 million in overdue taxes has been collected all in an effort to aggressively deter deadbeat owners from taking advantage of the system at the taxpayer's expense.
- Yonkers is one of the first cities in New York State to expand property tax relief for veterans, including school taxes in the alternative veterans' exemptions so they can qualify for the full benefit.
- Under the Senior Citizen Rent Increase program (SCRIE), Yonkers expanded rent benefits for fixed-income seniors by nearly doubling the income threshold to $50,000 to qualify for rent benefits, keeping seniors in their homes and protecting them from year-to-year rent increases.