Mayor said he will veto the 2010 operating budget, because the severe impacton public safety and quality of life. The budget, which would have included a 5.75% property tax increase, It would cut cities services, most notably within the city's police department, eliminating some units and posts altogether.
Municipal services most adversely affected by the City Council's budget cuts fall within the police department, which had $2.2 million-or 18%-slashed from its overtime budget. The overtime cuts would impact nearly every aspect of police operations including foot posts, neighborhood patrols, traffic details, anti-crime units, anti-drug units, and security at special events. Details follow.
The police department wasn't the only one hit hard by the City Council's budget. A 2% across-the-board cut to most city departments will result in many other citywide service reductions, some of which are listed below.
City Council Budget Cuts (non-public safety):
They would profoundly impact quality of life in Yonkers by impeding our ability to enforce city code requirements, construct new affordable housing and continue key economic development initiatives. These cuts are extremely shortsighted and would cause more damage to the city over the long term than the minimal savings they would produce in the short term."
The City Council failed to meet its City Charter mandated deadline to adopt a budget by June 1, finally passing a scaled back version of the budget three weeks late on June 20. The Council's delay and inaction has pushed the city to the brink since the budget must still be sent to the state comptroller for final certification.
The budget now goes back to the City Council for reconsideration. Five votes are needed to override a mayoral veto.
Yonkers Ny Real estate, Yonkers Homes for sale.
Sales Rise 6.7 % in april!
Nar said it has it's biggest jump in sale since last 9 years up 9.2 %. "This is yet another positive indication that the bottoming process is forming," Jennifer Lee, an economist at BMO Capital Markets, wrote in a note to clients. The 30 year- fixed rate is around 5.3% compared to a week ago at 5 % (www.bankrate.com).
One of the biggest boosts to the sale is $8,000 tax credit for first time homebuyers, also since buyer need to FINISH their purchases by NOV, 30 to claim the credit.
Sales of inexpensive foreclosures and other distressed low-end properties have even sparked bidding wars in places like Westchester County and Bronx NY
Question:
What you think what will happen, will the home prices keep falling because of the massive REO. I complete understand that ever town/city/village is different
|
| 2 Bedroom , Next To Central Park ave | |||
| 1549 central park ave, Yonkers, NY 10710 | |||
 |
Priced to sell /Priced ahead of the market/ Seller will pay 1 point toward buyer mortgage can't get better than this.Two bedrooms units in a garden style complex w/New Hardwood floors and comes with an assigned parking space. Close to all transportation, shopping center. Renting allowed after 2 years also fuel assessment of $ 95 ends in 5 months (September/09).Star deduction of approx $ 100 per month or more.Restricted Weight For Pets. Purchase now and take advantage of the $8,000 tax credit. | ||
| Click to View Show |
|||
| Details | Contact Info | ||
|
Asking Price: MLS: Sq. Feet: Bedrooms: Bathrooms: # of Floors: HOA/Maintenance Fees: Year Built: |
$168,500 2911829 850 2 1 2 629 1965 |
||
    |
|||
 |
 |
|
|
Building Wealth Together! -- Serving Yonkers, Westchester NY . Your local Real Estate Economist---Call me Today(914)438-8840 ---Specializing in Investment and Residential Properties
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
Fireplace
