The Westchester County, N.Y. Board of Legislators has approved a $1.8 billion 2016 budget that for a sixth straight year will not raise property taxes.
The fiscal plan passed by a 10-7 vote Monday night keeps spending flat and maintains $140 million in unrestricted reserves. Board Chairman Michael Kaplowitz, D-Somers, said a key reason two Democrats joined eight Republicans to support the budget was an assurance from County Executive Rob Astorino that if county property on Austin Avenue in Yonkers is solid next year, proceeds will be used to build up reserves.
"This budget is not perfect but it is sound,” said Kaplowitz in a statement. “I remain concerned about the level of our reserve funds, but I am confident that through cooperation and smart financial management we will maintain Westchester County's fiscal health."
Westchester County is just north of New York City and is rated Aa1 by Moody’s Investors Service with a stable outlook.
