City of Rye Proposed Budget Means 2.52 Percent Property Tax Rate

The following City of Rye update marked "Mayor Douglas French" and "City Council Updates" arrived via email:

"The City will be holding a public hearing on the budget on December 4th and 18th, with final adoption on the 18th.  The Citizens Finance Committee will issue their comments during the public hearing.  The City’s sound fiscal management and disciplined approach for the last 5 years has again produced another solid budget.  The proposed increase in the property tax rate is 2.52% or an annual increase of $92 per average household.  Like previous budgets, this one keeps taxes under the tax cap, enhances current levels of service, and retains a very healthy fund balance.  This budget also puts forward a substantial investment in infrastructure of $2.2M to include:  Blind Brook Wall Study, Nature Center Bridge/BPR Realignment, Disbrow Park Master Plan, Sidewalks, Sewers, Record Retention/Digital Document Conversion, the City Master Plan, Street Resurfacing, train station parking lot improvements and Police/Courthouse improvements."