Incorporation would have no impact on the operation, control, population, or physical borders of the Edgemont Union Free School District, which by law operates independently of any municipality. The school district accounts for approximately 60% of the property tax bill.
The only component of the total tax bill that could be affected by incorporation is the 16% paid to the Town for services provided to the unincorporated area of Greenburgh. Upon incorporation, that tax would instead be paid to the Village of Edgemont for local municipal services (i.e., police, public works, sanitation, etc.), regardless of whether those services were provided directly by the Village or through contracts with other municipalities or private parties.
The rest of the tax bill is paid to the Greenville Fire District (11%), Westchester County (9%), Greenburgh for Town-wide services (1.5%), and to water/sewer/refuse districts (2.5%).
Click here for the full consultant-prepared report, released in January 2017, which includes financial projections if Edgemont provides its own police protection and public works services rather than securing them through inter-municipal contracts. This report was developed over a six-month period by Zions Public Finance and The Novak Consulting Group, who concluded that Edgemont is financially feasible and "would be able to provide a high level of service with the existing revenues that will credit to the Village" and stated "the projected operating surplus would provide your Village government with flexibility on debt repayment, community investment, and taxation levels."
In 2018, the EIC updated village revenue projections to reflect 1) the 3% tax rate increase imposed by Town Chief Fiscal Officer Paul Feiner for the 2018 budget year; 2) higher-than-expected Edgemont assessments as a result of the Town-wide reassessment; and 3) conservatively under-budgeted mortgage tax and building permit fee revenues. The result is $1 million of additional revenues that will credit to the Village. Click here for updated pro forma budget scenarios using the most current data available.
In total, Edgemont's property tax revenues at the current Town tax effort are $15.3 million, with total revenues approaching $18 million.* That amount is comfortably more on a per capita basis than peer villages, and reflects the fact that Edgemont’s post-reassessment tax base is among the highest in the area on a per capita basis. Edgemont's assessed valuation (AV) represents nearly 27% of unincorporated Town AV but only 16% of its population and 15% of its land area.
*Including the Greenville Fire District budget, total village revenues will exceed $27 million.
Shared services are supported by New York laws and strongly encouraged by Greenburgh Town Supervisor Paul Feiner, Westchester County Executive George Latimer, and New York State Governor Andrew Cuomo. Inter-municipal agreements leverage economies of scale, reduce duplication, and ultimately save taxpayers money throughout the state, including in Westchester County.
The EIC believes that a shared services plan between Edgemont and Greenburgh for police, public works, and potentially other services would be mutually beneficial (click here for an example of a town government in New York that extensively utilizes inter-municipal agreements). Under such a plan, Edgemont would enjoy service continuity, while the Town would earn contract revenue and minimize the revenue impact to the unincorporated area.
For more information about shared services:
Should the Town not wish to provide services to an incorporated Edgemont, the new village would have the option of working with Westchester County, other municipalities, and/or private entities where appropriate for police, EMS, DPW, and sanitation.
With respect to other services, the Village will provide its own administration and building department while all other services (fire, water, sewer, parks, community center, library, court, parking) will remain available to Edgemont at current tax rates as they are delivered Town-wide, through the County, by special districts, or otherwise. Click here for Q&A on a service-by-service basis.
Feasibility Presentation Videos
Feasibility Presentation Videos
Public Works, Snow, Sanitation
Police and Public Safety
Novak Team Conclusions of Feasibility
For the 2018-19 budgets of Greenburgh's existing 6 villages and other area villages of similar size:
*Existing village in Greenburgh. Edgemont, population 7,565, would be Greenburgh's 7th village.
Jon Lewis is an EIC leader, 17-year resident of Seely Place, and career municipal finance professional. He worked closely with the consultants on the feasibility report.
Click here to ask Jon any questions about incorporation finances.