Focused on taking the burden off Westchester County property taxpayers, and combating the loss of the federal SALT deduction, Westchester County Executive George Latimer announced a series of actions in response to Governor Andrew Cuomo signing the Westchester County Property Taxpayer Protection Act. The announcement came during a press conference with elected officials, representatives from local governments, and school district leaders. The WCPTA offers an alternative revenue source for the county, outside of raising property taxes.
Among the announced actions were:
- Directing the Departments of Budget and Finance that County Property Taxes throughout the County will be frozen for two years (Fiscal Years 2020 and 2021); and
- Announcing that of the nearly $70 million to be collected through a 1%increase in sales tax, 20 percent will go to local municipalities and 10 percent to local school districts.
For the Hendrick Hudson School District, the WCPTA translates into an estimated $639,328 of increased revenue from August 2019-December 2020. “This unanticipated revenue, which is not accounted for in our 2019-20 budget, will be used, along with district reserves, to mitigate future tax spikes due to the impending loss of Indian Point revenue,” said Superintendent Joseph Hochreiter.