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Mamaroneck board unveils $57M tentative 2025 budget, flags $6.2M tax levy increase
Summary
Town administrators presented a tentative $57 million 2025 budget that the town says is structurally balanced but would raise the tax levy by about $6.2 million (reported as a 19.58% levy increase) and includes a 25% water-rate increase and $1 million in capital funding; officials said Moody’s guidance and rising benefits costs shaped the proposal.
Town Administrator Meredith and Controller Tracy presented the town’s tentative 2025 budget on Oct. 16, proposing roughly $57 million in total spending and a $6.2 million increase in the tax levy. The administrators described the plan as “structurally balanced” while warning that personnel costs, rising health‑insurance and retirement obligations, and water-related capital needs drive the proposed increase.
Meredith said the tentative document is a starting point for the board’s deliberations and framed the plan as a recommendation to begin negotiations: "This is my recommendation to the board," she said, noting staff will revise the figures as the board meets. Controller Tracy outlined revenue and expense drivers, saying the town is planning for a 25% water‑rate increase designed to cover litigation‑related and capital costs tied to the regional waterworks.
The presentation included a breakdown of planned capital investments: pump‑station work at Baldwin Avenue, continued town‑road resurfacing, sidewalks and curbs, sidewalks on Weaver Street, stormwater design at five priority locations, and replacement of aging vehicles and heavy equipment. Officials said the budget aims to fund many capital items from operating revenue rather than add debt. Tracy also said the town’s ending fund balance is projected to be about $20.8 million (roughly 32.3% of revenues) under the tentative plan and that Moody’s has advised maintaining a strong fund balance to support the town’s bond rating.
Officials reported the overall operating increase at 6.6% over the adopted 2024 budget and said the tax‑rate change, after updated assessed values, would be lower than the levy change. Tracy reported the levy increase figure during the presentation: "It’s 19.58% to fund all of the things that we just talked about of 6,200,000," and warned that some estimates (notably NYSHIP health premiums) remain subject to change.
Board members and staff emphasized the budget is preliminary. The administrator and controller said they expect significant edits before adoption, including possible adjustments to the use of fund balance. The board scheduled further budget work sessions and said it will set a preliminary budget and public hearing later in the process.
The next procedural step is the town board’s follow‑up meetings to revise the tentative budget and set the preliminary budget for public hearing; officials noted final NYSHIP rates and other external inputs could alter the numbers before adoption.
