2016 County Budget is Structurally Unbalanced
(WHITE PLAINS, NY) The Westchester County Board of Legislators adopted the 2016 budget today stretches Westchester County’s operations to the thinnest of all time and remains structurally unbalanced according to numerous independent opinions as a result of accounting gimmicks, one shot revenues and suspect revenue projections. The budget most significantly relies on an aggressive assumption for sales tax revenues with a 4% growth rate. The Citizens Budget Advisory Committee (CBAC) and the County’s independent auditors stated that the sales tax revenues are too aggressive and cited that Nassau and Suffolk Counties and many of our local municipalities budget for roughly 1 – 2 % growth in sales tax revenues. CBAC recommends that the 2016 budget for sales tax be reduced by $10 to $15 million. The Democratic Caucus had proposed an alternative that involved the proceeds from the sale of the Austin Avenue building and over $4 million in energy efficiencies that are still available.