Binghamton City Property Taxes to Increase
It appears the City of Binghamton may barely adhere to the New York State required tax levy cap of 2% for the upcoming fiscal year.
A public hearing is scheduled for October 29th prior to a vote on the proposed 2013 spending plan that still calls for residential and business property tax increases.
City council members managed to cut $1.2 from the original $86.2 million dollar budget proposed by Mayor Matthew Ryan.
The Mayor still has the option to veto some of the changes council made to his proposal. With that possibility, the city’s lawyer has advised council to vote on an ordinance that would authorize the city to exceed the 2% tax levy cap