FISHKILL – Total tax levy will be reduced by 2.7 percent saving Fishkill property taxpayers over $230,000, according to the town’s preliminary budget, which will face a public hearing next week.
That has brought the town 4.3 percent under the state’s property tax cap.
Town Supervisor Robert LaColla said the town is returning to sound financial footing.
“We are able to institute our capital plan next year,” LaColla said. “We are getting back to paving roads and fixing buildings and buying equipment, increasing our police presence, all while spending less money.”
Coupled with the proposed budget, Moody’s Investor Service has upgraded Fishkill’s general obligation rating to Baa1 from Baa3. That, said LaColla, will translate into lower interest rates on new and refinanced debt.
