City of Yonkers
by Optimization with an Impact (OpIm)
Enrollment for the dependent Yonkers school district increased by almost 6 percent from fiscal year 2009 to fiscal year 2012, while overall state public school enrollment declined by 0.8 percent. This enrollment increase has added to the pressures on the City’s budget. Assuming the budget gap is filled in part by utilizing fund balance, the City could quickly exhaust its balance. The City is considering possible gap closing measures including increases in the City income tax, property tax and real estate transfer tax, as well as increases in the contribution rates of employee health plans and limiting growth in the school district’s operating costs. The City is also advocating for the reassessment of all properties in Westchester County in the hope that this will save money by reducing the number of tax certiorari claims.
<div style=”margin-bottom:5px”> <strong> <a href=”http://www.slideshare.net/LuisTaverasMBAMS/city-of-yonkers” title=”City of Yonkers ” target=”_blank”>City of Yonkers </a> </strong> from <strong><a href=”http://www.slideshare.net/LuisTaverasMBAMS” target=”_blank”>Luis Taveras MBA, MS</a></strong> </div>
Fiscal Intelligence 