Board approves operating and capital budget amendments for ice-rink trust transfer and three water projects

The Mamaroneck Town Board on June 18 authorized several budget amendments: an operating-budget transfer of net revenue from the ice-rink trust and capital amendments for three water-related projects.

Tracy, the comptroller, explained the operating amendment: the ice-hockey tournament generated $24,516 in revenue and $11,226 in expenses for a net of about $13,000, which will remain in the trust while the expense transfer is made to the operating budget. The board voted to authorize the comptroller to make the amendment.

On capital projects, staff described three items: a lead service-line replacement project conducted through the Westchester Joint Water Works and two smaller stormwater mitigation projects (Park Lane Storage and the Kensigo Reservoir project). Staff recommended changing the funding source for the lead-line project to bond proceeds already approved and using fund balance (cash) to pay for the two smaller stormwater projects to save interest costs. Some board members expressed concern that long-term projects should be bonded rather than paid from current taxpayers, while others cited current high bond rates and interest savings as justification for using fund balance. The board voted to approve the capital amendments as presented.

Why it matters: the lead-line project is part of a compliance effort tied to a consent decree and affects public water infrastructure; funding-source decisions determine debt and budget impacts for residents.

Next steps: the controller will implement the budget changes; project schedules and further staff updates will be provided in follow-up reports.