Binghamton’s $99.1 Million Budget Proposal
Binghamton Mayor Richard David delivers a whale of a $99.1 million proposed budget for 2022 that carries another property tax reduction.
The outgoing Republican, in his last budget message, said the plan includes a property tax decrease for the 6th straight year. This year the drop for residential and commercial rates is .11%. The residential property tax rate would be $21.90 per thousand of assessed value while the commercial rate would be $40.70 per thousand if the budget outline gets final approval from City Council.
In his eight’s budget address, the Mayor attributed a large portion of the spending on salaries and benefits and spent time reviewing past infrastructure accomplishments as well outlining plans for new parks and other improvements and spending over $7 million on paving, reconstruction and upgrades to underground utilities. $2.75 million in American Rescue Plan Act money will go toward the water and sewer projects.
David, who is ineligible for another term due to term limits and who is looking to run for the 52nd New York State Senate seat that is opening with Senator Fred Akshar running for Broome Sheriff, thanked all City department heads for their dedication and offered his gratitude to City employees.
The Republican’s final thoughts were for the next mayor saying: “you should never lose sight of who you’re fighting for and the difference your decisions can make.”
The Mayor's prepared budget can be viewed here: