Welcome to the Town of Greenburgh
Supervisors Office  
News & Information  

  Select News to View

Please select the year.
2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002

Back to Article List

NY STATE GIVES TOWN MORE BAD NEWS RE: budget
Release Date: April 07, 2003

We have just been informed by the State Board of Real Property Services in Albany that the special franchise assessments will drop form $l9,495,420 (last year) to $l6,563,892 (this year). This results in a net loss of $2,93l,528 of previously taxable real estate assessments for such companies as Con Ed, Verizon, United Water, Metromedia Fiber and other properties considered to be Special Franchise form NY. The impact: $2,000,000,000 loss in tax revenue which will have to be absorbed by all other property owners in the town. I have been in contact with Assemblyman Richard Brodsky and Senator Nick Spano--am requesting a meeting with the entire Westchester delegation to the NY State Legislature hoping to find an acceptable solution to this financial crisis. This is just one of many assessment decreases we anticipate. We're hoping the state will consider rolling back the equalization rate or at least phasing it in. WE NEED HELP FROM ALBANY.




Print this page Print this page Print this page Email this page Email this page





Contact Information | Home | Town Supervisor | Town Council | Town Clerk's Office | Tax Department | Departments | Documents & Forms | Town Code | GIS Maps, Tax and Assessment Information | Agendas & Minutes | Watch Live Board Meetings | Public Access TV On Demand | Links | Frequently Asked Questions (FAQ) | Employment Opportunities | Town Updates by E-Mail | Pay Parking Tickets Online | Pay Water Bill Online | On-Line Tax Payments

Copyright © 2014 Town of Greenburgh, NY. All Rights Reserved.

Powered by Cit-e-Net