Yonkers mayor predicts $72 million+ deficit

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Yonkers Mayor Mike Spano announced today that the city’s projected budget shortfall for the 2012-13 fiscal year is at least $72.6 million just to keep the city at the status quo with no increases in services or salaries.

Spano, a Democrat who took office three weeks ago, said in his statement that the numbers are based in part on Gov. Andrew Cuomo’s proposed state budget. Spano also warned that the shortfall is expected to grow.

“This number is a current projection across the board,” Spano said in a press release issued this afternoon. “We are beginning the process of working with our State Legislative representatives in Albany. We will continue to partner with our labor unions and City Council to ensure we can maintain our budget to protect our work force and taxpayers. Additionally, our Education Redesign Team will further examine our budget to look for efficiencies needed to bridge the gap for our students.”

The city’s new fiscal year begins July 1 and Yonkers mayors traditionally unveil their proposed budgets in April because the state is supposed to adopt its budget on April 1.

The full text of the release is on the jump

 

YONKERS FINANCE OFFICE ANNOUNCES ESTIMATED

CITY BUDGET SHORTFALL TO BE $72.6+ MILLION

 

In Preparation for Tuesday’s State Budget Testimony, Mayor Mike Spano Announces Fiscal Challenges for Yonkers

 

YONKERS, NY – January 20, 2012 – After just three weeks in office, Mayor Mike Spano announced today that his Finance Commissioner John Liszewski determined the City’s estimated budget shortfall for 2012-2013 to be approximately $72.6+ million to remain status quo, including City and Board of Education funding. The announcement today comes as the Mayor prepares to testify to the State Legislators on Tuesday, January 24th, in response to Governor Cuomo’s recent Executive Budget Proposal.

 

The current numbers are based in part on the Governor’s Proposed Budget. To remain status quo, meaning no increases in services or salaries, Yonkers is projecting a $50.6 million deficit on the City side for Fiscal Year 2012-2013, while the Board of Education’s is $22 million. The City deficit does not include expired or pending labor contracts/costs needed to increase services nor does it include restoration of previous Education cuts. This number is expected to grow.

 

“After much speculation, we now have determined the shortfall we face as we prepare next year’s budget,” says Mayor Spano. “The $72.6+ million is the challenge we’ve been given, but it is now our job to meet that challenge and ensure our City does not forego essential services.”

 

“This number is a current projection across the board,” he adds. “We are beginning the process of working with our State Legislative representatives in Albany. We will continue to partner with our labor unions and City Council to ensure we can maintain our budget to protect our work force and taxpayers. Additionally, our Education Redesign Team will further examine our budget to look for efficiencies needed to bridge the gap for our students.”

 

The City’s estimated breakdown of the deficit includes the following:

Board of Education Estimates                                                                                    22 mil

Special Taxes (on-going economic downturn/mortgage & income taxes)                1.3 mil

Payments in Lieu of Taxes (Spin Ups)                                                                         6.4 mil

Yonkers Raceway Impact Fees (Spin Ups)                                                                  2.7 mil

Sale of Assets                                                                                                              1.5 mil

City Departmental Expense                                                                                        8.6 mil

Fringe Benefits/Workers Comp/Life, Health, Dental Insurance                                6.1 mil

Tax Certiorari                                                                                                             9.5 mil

Debt Service Increase                                                                                               14.2 mil

“This number is a current projection across the board,” he adds. “We are beginning the process of working with our State Legislative representatives in Albany. We will continue to partner with our labor unions and City Council to ensure we can maintain our budget to protect our work force and taxpayers. Additionally, our Education Redesign Team will further examine our budget to look for efficiencies needed to bridge the gap for our students.”

 

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5 Comments

  1. He and his buddies in the Assembly caused the shortfall. Now he can deal with it. Hold on dto your wallets.

  2. They’ve both proven themselves incompetent. It’s not so much a matter of Party as it is a matter of knowing how to live within a budget. Deal with it.

  3. What is there to “predict”! . . . . The Country is in deficit; Yonkers and many other Yonkers across the US are in deficit!. The good part of the Story is that the Americans are starving where as the Town Halls Employees are [in-ordinations] of each other [including what was supposed to be Check and Balance] Institutional Form of Our Nations Government are all engaged in “Public Preaching” and “Private Gains”. They look out for each other and keep the “practices what the US Attorney of The Southern District termed in a Press Conference last year” the alarm” [Yes! its very alarming when the Alarm rings its put on snooze] –

    Here, in the Political Circles in The State of New York are living a live of “nothing will happen” attitudes! . . .And [trust me: an objective analysis of the corruption and events leading to corruption when a NY State Senator or His Chief of Staff Falls” . . .The Governor [Specially, had come-out from The State Attorney General’s Office] as its been happening since Eliot Spitzer [with exception of Mr .Patterson] it’s amazing to all it “unfornate upon the Federal Findings and Arrests . . [The FBI’s Investigations]. as usually reported in the Press.

    How can this continue as nothing happened; and those who are their to “Serve The People” are “practically serving their Respective Political Parties] alone.

    Recently, I was Reviewing the “Voting Track Records” of the US Senators in The House of Representative. And I found that 92% of the time; the Senator EXCLUSIVELY votes on Party Lines [at least 2010-2011 Data] concludes! . . . .It’s not possible that this may 100% of the time true to The Republic’s Good or Bad! Certainly, then it won’t to a doubt to “sing the song of Bi-partisanship” and The Democratic Party and The Republican Party are working for the better good of America. How is it possible [when] 92% of the time THE VOTES on a BILL are VOTED on Party Lines? – This goes to both the Parties! [By the way] . . .

    Where is the National Interest of The United States of America in that scenario prevailing in the Congress? – HERE IT IS WORTH MENTIONING for addressing the SHORT LIVING MEMORIES OF THE INHABITANTS OF THE MULTIPLE-PASSPORTS that; it was the Members of the then US Congress who had lost the War in Vietnam at home – where as Our Armed Forces were still their. The Former President LBJ had woken-up to the realities of what was happening in overseas; when his in Son was at the line of duty. The Defense Secretary of Kennedy Administration [may have got the Job being a close Kennedy Family Friend] but what he did to the US Department of Defense could not be repaired. Well! Doing something for “The Country” is an ultimate desire of a Patriot. But! when taken the “Oath of Office” and later “AFTER 10 Years writing a BOOK [an autobiography] and saying “I made mistake and apologizing” is or may be good but not good enough.

    The Two Terms [i.e. of any Incumbent] at The Executive Branch of The Republic is not a joke . . .it apparently may look as a time of a [particular] ADMINISTRATION! But, [when looked upon from the perspective of The National Interest of The United States of America] this ONE TERM OR TWO TERM is [actually] ONE DECADE! – Let’s take a pause here for a second: Ask your self what happens in 10 Years? . . . It’s a whole new American Decade where a newborn-baby is 10 Years Old. And, a 1 Year-Old reaches the 10 Grade! besides a lot of thing shapes or MOST IMPORTANTLY reshapes . . . . This is the most important point to keep in mind.

    This may be a time where either we continue the Path of The Founders of The Republic and Those Who Framed Our Constitution or CHANGE it to suit the “Decade”! What do you think? It is very obvious that We have The Founding Father [who made the Country] and the Abraham Lincoln [who Saved the Country] ; We honor them on ONE DAY together [and call it President’s Day] Can you imagine a Combined Honoring for one day “because it will waste a School Day” that what they call it “waste” – Where as [ We as a Nation have become so confused that the New Generation don’t even know who were the 59 Men who singed the Declaration of The Independence”! And, are well-aware and very respectful to [for e.g. Mother Teresa and others] to such a Great Deal that [an objective analyst is amazed – Let’s do a Fact-find ] Figure it out.

    This does not help the Republic and Its Glory! The Golden Days have been achieved in The History Books that are not even Prescribed at Our Colleges that are “going to School” Federal Government Aid for College Tuition’s etc. Let’s go to Colleges and See it for yourself what Focus are the Professors are end owning upon the Students. Listen to the Lecture and The Topic covered! And, why . . . . .

    Ask yourself! This is not called education where ONE Brainwashes the STUDENTS going to College and EVEN TEACH THEM self-interested topics. Sometimes, I wonder if the Eternal Vision is being attempted to be replaced with the “Cape of Good Hope”! But ! think about it! Well!

    Well! now, a question arises is that is this the Pattern of Voting and Outlook of “The Elected Representatives at Local and State Level?” Well! Think about it. Being, directly engaged in the Political Scene in The United States actively since President Ronald Reagan was in his Second Term. I as a Journalist and a Researcher have closely followed the practices in the body-politic of America. Trust me, from George to George – now its on a self-contradicting mode or mute. And, those who are in Power and See What I See [not based on each other political philosophies- but The American Nation Building and Remain Silent [also many time in past 2010] the silence has become their Right to Remain . . . . .

    But! money and back pocket is not the National Interest of Our Republic! We must act Responsibly!

    No offence. But! Its for me “always country” before anything even myself! . . . . . everything is secondary.

    HABIBHASAN – An American Storyteller.

  4. fire gail burns on

    But this big DEMOCRAT had money to hire the chairman of the conservative party? Hes as bad as Amicone with the contract hiring. Fire Gail burns.