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New Rochelle IDA adopts conservative 2026 budget after finance committee review
Summary
The New Rochelle Industrial Development Agency on Oct. 29 unanimously adopted its 2026 budget and multi‑year projections, with staff emphasizing conservative revenue assumptions after several projects shifted closing dates.
The New Rochelle Industrial Development Agency unanimously adopted its 2026 budget and multi‑year projections for fiscal years 2027–2029 at a meeting on Oct. 29 in the City Council conference room. The resolution, presented by IDA Executive Director Adam Salgado, was approved following a review by the finance committee.
Katrina Shivers, the IDA manager, told the board that revenue for 2025 came in slightly below earlier forecasts because several projects that had been expected to close in 2024 or 2025 shifted their timelines. "Revenues are…
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