BEACON – The City of Beacon is in “Excellent financial condition,” Mayor Lee Kyriacou says. He made his proclamation during his first state of the city address delivered before the city council on Monday evening.
He said the city’s finances are doing quite well.
“Beacon’s financial position is the best in memory. Through my 20-plus years of service to the city as a council member and now as mayor, I have always been the taxpayer’s fiscal watchdog working to eliminate property tax increases while expanding services and investing in the city’s infrastructure,” he said.
One major financial shot in the arm comes from his renegotiated sales tax agreement with Dutchess County which puts $1 million in the city coffers this year.
