In a recent government meeting, Binghamton's Mayor outlined the city's budget for 2025, emphasizing the challenges faced by both local government and residents due to rising costs. The proposed budget includes a modest 0.9% increase in property tax rates, translating to approximately $15 more for most homeowners compared to the previous year. This increase remains well below the state tax cap, reflecting the city's commitment to responsible fiscal management while still investing in essential services and projects.
The Mayor acknowledged the collaborative efforts of city officials, including new Comptroller Chuck Robinson and Assistant Comptroller Rachel Perkins, who worked diligently to identify cost savings. The Mayor also highlighted the invaluable assistance of Lori Cliff, a retired city employee, and Deputy Mayor Megan Hyman in shaping the budget priorities.
As the city approaches a pivotal election in 50 days, the Mayor stressed the importance of unity and collaboration in local governance, urging officials to rise above political cynicism and work together for the betterment of Binghamton. The Mayor expressed a strong commitment to advocating for the city and its residents, emphasizing that progress can only be achieved through collective effort.