Budget closes $85 million budget gap; 8.5% property tax increase will make up for widening state funding shortfall for education
Avoiding a doomsday budget that would have decimated the city’s public schools and other city services, Yonkers 2009 budget today with no layoffs or cuts to municipal or education programs.The $893.9 million proposed budget, representing a 4% total increase in spending-at the current level of inflation-would completely close a projected $85 million budget deficit while [...]
REDEVELOPMENT OF LANDMARK SHOPPING CENTER BEGINS
Cross County Shopping Center to undergo dramatic transformation
New York state and retail industry icon, Cross County Shopping Center is once again poised for reinvention as construction begins on a comprehensive redevelopment and expansion of the 53-year-old shopping destination. Cross County Shopping Center has a unique place in the history of this community and the [...]
Westchester the Land of Wealthy but Many May be Getting Forced to Move Out
Development in Westchester County has been both commercially and residentially. The average cost of a home in Westchester has increased tremendously. In 1990, the median housing value was $283,500 and today the median is up almost 35% at $419,000.Westchester’s close proximity to NYC, along with its own attractions, has made it a very desirable place [...]
A big surprise on your property tax bill.
That’s 23.6 percent increase in your property taxes. Yonkers received the biggest increase this year, but Yorktown saw a reduction in county property taxes.
But Mount Pleasant residents received the biggest decrease, 6.36 percent in their county taxes. Residents of Peekskill will see the second-biggest increase, 11.2 percent, followed by residents of White Plains, 10.3 percent. [...]
Top 10 Seller Short Sale Questions..
Number 10
I can’t make my house payments, but I do have an ability to pay back all or part of the negative equity. Also, I want to preserve my credit score…is a short sale right for me?Probably, not. In cases where the seller can pay back all or part of the negative equity (usually to [...]