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New Rochelle CLD approves 2026 budget; staff flags social equity fee timing and Westhab contract change
Summary
The New Rochelle Corporation for Local Development unanimously adopted its 2026 budget on Oct. 29. Staff told the board that delayed project closings and earlier approvals that predated the social equity fee reduced 2025 revenue; a midyear Westhab contract amendment raised the job training line item.
The New Rochelle Corporation for Local Development unanimously adopted its 2026 budget and multi‑year projections at a meeting on Oct. 29 in the City Council conference room. The resolution was introduced by Executive Director Adam Salgado and presented in detail by CLD/IDA Manager Katrina Shivers, consistent with the submission requirements under Section 2800 of the New York Public Authorities Law.
Shivers told the board that CLD revenues for 2025 were lower than originally forecast largely because several projects anticipated to close in 2025 slipped into…
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