Wednesday, October 11, 2017

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Poughkeepsie ended 2016 with surplus


Rolison (file): "We have turned
that corner"

POUGHKEEPSIE – The City of Poughkeepsie ended 2016 with a general fund surplus of $873,904, which has helped draw down the $13 million deficit to $11.9 million.

Mayor Robert Rolison said on Tuesday the city is finally getting the upper hand with its financial crisis.

“Our anticipation and our expectation is there is going to be no more adding to the deficit,” the mayor said. “We made that a priority as soon as I came in office in ’16 and we were able to successfully do it and manage the budget, saw the surplus in ’16, moving in the right direction in ’17. We have turned that corner.”  

City Finance Commissioner Marc Nelson said the decisions made since the beginning of this year “are behind the stabilization of the city’s finances.”

Rolison has yet to release a budget proposal for next year.  Taxes in the 2017 budget went up over 16 percent.


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