PLATTSBURGH, NY – After issuing a budget in 2017, Mayor Colin Reads says his new 2020 budget will prove the City of Plattsburgh can do better.
“These steps from 2017 to this 2020 budget demonstrates that our city can actually moderate spending, create growth, repair a depleted fund balance, take care of the central mission and lower taxes,” said Reads.
Mayor Reads wanted to release his 2020 budget early for many reasons.
“First of all I hope this allows much more time for the common council to deliberate and if we do find any starting efficiencies it’s better to know them earlier rather than later,” said the mayor.
The budget will generate a surplus, but it will continue maintaining public infrastructure and work on proposed road construction.
Mayor Reads said, “When combined with other modest surplus, the city is continuing to reverse the steady decline in our fund balance that resulted from years of deficit spending.”
The budget includes a general revenue fund of nearly $24 million and a general fund expense of around $23.5 million creating a surplus of about $460,000.
According to the mayor, the property tax will also decrease.
“The property tax rate, per $1000 of property value, “said Reads. “It has now fallen to be lower than the first budget I issued in 2017.”
The mayor hopes the budget will bring more people to Plattsburgh, while adding things like restaurants, new residential buildings, and recreation.