Average New Rochelle homeowner will see $89 property tax increase under city’s 2019 budget

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NEW ROCHELLE – City Manager Charles Strome III released his proposed 2019 budget for the City of New Rochelle on Friday, with the proposed tax increase of $89 for the average homeowner. That equates to 24-cents per day.
The proposed tax rate in the $199.6 million spending plan reflects an increase of 2.42 percent, the maximum allowed under the state’s tax cap formula.
Strome said the budget is “a responsible financial plan that includes funding for the further restoration of public safety services and a continued robust investment in the city’s infrastructure, while maintaining an adequate rainy day fund in accordance with the goals of the city’s new fund balance policy.”
The manager said despite the limitations of the tax cap, the city continues to enhance services and fund capital projects at a minimal cost increase to taxpayers.