At the end of their workshop yesterday, which went on for more than two hours, the Board of Estimate and Apportionment (BEA) had whittled down the gap between revenue and expenditure to $171,000. A hike in property tax could close that gap.
It will be remembered that on Monday, City Treasurer Heather Campbell reported that the maximum property tax increase for Hudson this year is 3.16 percent, which would yield about $189,000. It remains to be seen if the BEA decides to close the gap by increasing property taxes or not. Council president Margaret Morris has repeatedly stated her commitment not to raise property taxes, but there may be no other way.
The BEA holds its final workshop tomorrow, Friday, November 6, at 2:30 p.m. The proposed 2027 budget will be presented to the Common Council in a special meeting on Monday, November 9, at 6:00 p.m.
Although the 2027 budget has not yet been completed, City Hall today announced the public hearing on the budget:
The FY2027 Budget Public Hearing will be held on Tuesday, November 17, at 6 p.m. The meeting will take place at City Hall--520 Warren Street--and will also be available remotely via Microsoft Teams.
All residents of the City of Hudson will have the opportunity at the hearing to present comments on the proposed City budget.
After the proposed FY2027 budget is presented to the Common Council on November 9, the document will be available for review at City Hall during regular office hours and online at hudsonny.gov.
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