YORKTOWN, N.Y. — Yorktown Supervisor Ed Lachterman presented a tentative 2025 Town budget on Thursday (Oct. 31) impacted by fiscal challenges due to escalating costs, unfunded mandates, and economic pressures on both state and national levels.
“While Yorktown stands as a model of fiscal responsibility, our partners in Albany and Washington are not, and we are now seeing the impact firsthand,” Lachterman said. “Our mission to protect property taxpayers continues, and we will seek innovative ways to address the economic pressures we face.”
To manage these pressures and ensure Yorktown remains a vibrant and affordable community, town officials were forced to propose an 8.6 percent town tax increase in the tentative 2025 Town Budget. The proposed town property tax increase on a home assessed at $10,000 would be $144. Town taxes represent about 11 percent of taxpayers' total tax bill, while school taxes—which town officials do not control—represent about 70 percent of the total.
During his time on the Town Board, Supervisor Lachterman and his team focused on keeping Yorktown among the most affordable communities in Westchester County, successfully reducing or maintaining flat town taxes over the past five years. Despite this record, new, external pressures from state and federal mandates—such as a 40 percent spike in general and health insurance costs and rising paving costs—are now straining the town’s finances. State aid remains flat, requiring Yorktown to invest an additional $1.25 million in road paving alone to meet local infrastructure needs.
Even amid economic challenges, Yorktown saw significant achievements in 2024:
In the coming weeks, the Town Board will meet with department heads to explore further cost-saving measures that could reduce the tentative Town tax increase.
A copy of the tentative 2025 Town Budget is posted on Yorktown's website.
Article courtesy of Thompson & Bender, PR agency for the Town of Yorktown.
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