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Budget

Politics
Westchester Lawmakers Approve $2B Budget With Two-Percent Property Tax Increase Westchester Lawmakers Approve $2B Budget With Two-Percent Property Tax Increase
Westchester Lawmakers Approve $2B Budget With Two-Percent Property Tax Increase The Westchester County Board of Legislators has approved a near $2 billion budget that represents a property tax hike of 2 percent. Lawmakers approved the $1.9 billion budget on Monday, with the measure quickly signed off by Westchester County Executive George Latimer. (See video above.) The budget was approved by a 13-4 vote, with the support of county Democrats. Officials said that the tax rate increase is to help offset tens of millions of dollars in deficits that the county is currently operating against. There are no planned cuts to staff or service in the approved budget, which is con…

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by Zak Failla
Business
Westchester County Loses AAA Credit Rating Westchester County Loses AAA Credit Rating
Westchester County Loses AAA Credit Rating Westchester’s financial report card saw its credit rating cut one level by two prominent agencies. Westchester County was notified by S&P Global Ratings and Fitch Ratings that the county’s financial outlook has been downgraded to AA+.  Moody’s assigned Aa1 to Westchester, officials announced on Tuesday afternoon. The county has now lost its AAA rating - the highest ranking available - in each of the Big 3 rating agencies. Bloomberg News cited Westchester's move to "draw down its cash reserves to cover retroactive raises given to government employees" as the primary reason fo…

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by Zak Failla
Police & Fire
Rental Truck Driver Damages Stone Wall At Westchester Church, Takes Off In Mercedes Rental Truck Driver Damages Stone Wall At Westchester Church, Takes Off In Mercedes
Rental Truck Driver Damages Stone Wall At Westchester Church, Takes Off In Mercedes A strange scene unfolded in Westchester when the driver of a rental truck caused damage to a stone wall before taking off in a Mercedes, police said. The incident occurred at the Hitchcock School and Church in Scarsdale on Friday afternoon. After speaking with an employee at the Hitchcock School, it was determined that a Budget truck with an affixed trailer had struck and “heavily damaged” the stone wall while attempting to exit the lot. Scarsdale Police said that the driver was using the Hitchcock School and Church parking lot as a turn-around and was not there for any business with the c…

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by Zak Failla
Politics
What A New County Executive Means For Westchester Business What A New County Executive Means For Westchester Business
What A New County Executive Means For Westchester Business Business leaders said they are optimistic about the future of Westchester County under the leadership of George Latimer as its chief executive officer. "The new county executive is committed to a positive business environment in Westchester, so we're very encouraged about that,'' said Marsha Gordon, president and CEO of the Business Council of Westchester. "I think there will be a continued focus on sustainability,'' Gordon told Daily Voice of the emphasis on moving toward greener, conservation-oriented office construction and energy-saving systems. There also will be a continued…

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by Jon Craig