White Plains Officials to Vote on Budget Tonight

White Plains officials are scheduled to vote on the their $157.5 million budget proposal for the next fiscal year during tonight’s Common Council meeting.

The meeting is scheduled to take place tonight at 7 p.m. inside  city hall.

Here’s a rundown of the  proposal:

• The spending plan is $4.9 million more than this year’s adopted budget of $152.5 million.
• •A reduction of 28, or 3.3 percent of the authorized positions from the 844 authorized in the city, as well as a continuation of current hiring restrictions.
• Estimated revenues other than property taxes and related items total $87.1 million, which is $232,698 more than the $86.9 million in this year’s budget.
• Debt proceeds will  not used as a financing source;
• $5.1 million will be allocated from the tax stabilization account, which is $100,000 more
• than what was appropriated in this year’s budget.
• $5.2 million will be appropriated from various other sources, which is $2.4 million more
• than the $2.8 million appropriated in this year’s budget;
• Taxable assessed valuation of $277.7 million, an increase of $2.1 million more than
• the $275.6 million found in the 2012-2013 Adopted Budget.
• A property tax rate of $192.22 per $1,000 taxable assessed valuation, which is $7.75 more than the 2012-2013 tax rate of $184.47.