To the editor;
Did you know…? In 2009 the County tax rate will increase only 1.77% and the Town of Cortlandt tax rate for Croton village residents will increase only 1.35%. It is not surprising that the village anticipates a similarly low tax increase for 2009-2010.
But this is the calm before the fiscal storm looming just over the horizon. Croton faces a triple storm, not this spring, but next spring: Rising cost mandates, falling property value, shrinking revenue from non-property tax sources.
Several key costs and revenues are lagging indicators that hit municipal and school district budgets one year after they rise or fall:
Claiming we are in great financial shape today is like whistling past the graveyard. We need to do more now to better prepare for this coming perfect storm.
— Leo Wiegman (on behalf of myself, Ian Murtaugh and Demetra Restuccia)