Assemblymember Kevin A. Cahill: State Budget Delivers Over $3 Million in Local Aid to City of Kingston
Assemblymember Kevin A. Cahill (D-Ulster, Dutchess) announced that the final state budget provides over $3 million in local aid to the City of Kingston for essential services while easing the local property tax burden.
“Skyrocketing property taxes put New Yorkers across the state in financial jeopardy – especially those in distressed areas,” Mr. Cahill said. “This budget will ease the burden by providing more aid to help struggling municipalities hold the line on taxes.”
Millions in aid for local governments
To help local governments with their long-term planning, the state budget includes a multi-year funding structure. In addition, the budget restores funding to 81 towns and villages from the Aid and Incentives for Municipalities program originally slated for elimination in the Executive Budget.
It also includes the $25 million the Governor set aside for the Shared Municipal Services Incentive program. Municipalities will be able to apply for grants of up to $200,000 and a $10 million consolidation incentive program will be created to give municipalities that merge or consolidate a 25 percent annual AIM increase.
Under the plan the City of Kingston will receive $3,044,095 in revenue sharing this year, a 9.5% increase over last year’s $2,779,995
Revitalizing run-down neighborhoods
The budget also allocates $100 million in continuing support for the Restore NY Communities Initiative, which the Assembly created last year. There are roughly 387,000 vacant dwellings in New York, according to the U.S. Census Bureau.
“The Assembly has long pushed to revitalize New York’s blighted communities,” noted the Assemblymember. “Vacant and run-down buildings erode property values and the tax base, discourage commercial development and harbor crime. Restore NY looks beyond the run-down and burned-out buildings to see what’s possible around the corner and throughout the state.”
“We know localities have had to stretch dollars too far for too long,” Mr. Cahill said. “By increasing funding, we can help ensure local leaders have the ability to deliver critical services,” he concluded.