Binghamton 2016 Budget Plan Holds Down Taxes

The average residential property owner in the City of Binghamton could be paying $6.30 more a year while commercial property owners could see a tiny drop of .01% in taxes under Mayor Richard David’s proposed $90.4 million budget.

David delivered his second budget address September 15 which calls for holding the line on taxes and spending while supporting public safety with new equipment for the police and fire departments and diversity training for police as well as leveraging outside funding for some infrastructure projects.

A final plan is due at the end of November.

Several of the add-ons contained in the budget hinge on getting federal and state grants and other funds.

Lawmakers begin committee meetings to break down the ledger on September 21, leading up to a hearing on October 21 followed by a vote.

The Mayor has until November 6 to veto any of the changes with Council countering with override attempts by November 20, when a final budget will be in place.