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Where do our property taxes go?


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Where do our property taxes go?


Where do our property taxes go?

 An approximate current breakdown of an Edgemont property tax bill. Only the yellow portion could be affected by incorporation.

An approximate current breakdown of an Edgemont property tax bill. Only the yellow portion could be affected by incorporation.

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%).

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How Financially Feasible is the Village of Edgemont?


How Financially Feasible is the Village of Edgemont?


How financially feasible is the Village of Edgemont?

2017 Financial Feasibility Report

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."

Click here for the Novak firm's letter attesting to the financial feasibility of the Village of Edgemont and click here for the one-page 2017 summary financial statement.

2018 Updated Financial Projections

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.


Introduction of municipal finance and local government operations experts (DECEMBER 2016)

The EIC introduces the consultants and discusses the feasibility of Edgemont Village. Click here for their presentation slides.

Zions Public Finance's Susan Becker walks through the feasibility methodology and financial analysis.

Former Rye City Manager Julia Novak introduces her team of experts, which includes a former Westchester Police Commissioner and municipal operations analyst. The Novak Group verified the work of Zions and prepared staffing and cost estimates for the Village of Edgemont's administration, police, and public works departments.

 

Julia Novak walks through a brief summary of her team's assessment of the feasibility of an Edgemont Village.

Opponents' consultant states that edgemont's taxes would likely drop

An anti-incorporation group held an event in September 2016 to which they brought a consultant, CGR, which had been previously hired by Greenburgh. CGR provided its preliminary view on incorporation's potential property tax impact to the residents of Edgemont.

*Note: actual Village of Edgemont property tax revenues at the Town's 2018 tax rate will approximate $15,300,000.

 
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HOW Can Edgemont and Greenburgh work together on Shared Services?


HOW Can Edgemont and Greenburgh work together on Shared Services?


INTER-GOVERNMENTAL COOPERATION WOULD BE BENEFICIAL TO BOTH EDGEMONT AND GREENBURGH

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:

  • Click here for a letter from the EIC to the Greenburgh Unincorporated Area Citizens' Contingency Committee (GUACCC) indicating the EIC's early (March 2017) interest in discussing shared services with the Town;
  • Click here for a sample "shared services" village budget using 2017 data; and
  • Click here for a more detailed analysis of how Greenburgh, through a combination of service contracting and previously recommended budget adjustments, can minimize the impact of Edgemont's incorporation on the unincorporated area budget.

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.

 

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Questions on the Numbers?


Feasibility Presentation Videos

Questions on the Numbers?


Feasibility Presentation Videos

Questions about Major Services

Administration

Former Rye City Manager Julia Novak walks through the staffing and services for village administration, and covers the transition and contingency budgets.

 

Public Works, Snow, Sanitation

Consultant Jonathan Ingram, formerly of the City of Cincinnati, presents the options and analysis for establishing a village public works department, which includes highway and snow removal services.

Police and Public Safety

 

Novak Team Conclusions of Feasibility

Julia Novak walks through a brief summary of her team's assessment of the feasibility of an Edgemont Village.


OTHER Questions from RESIDENTS

Question is asked about Edgemont's outstanding debt obligations to Greenburgh. How does it work, what are we paying already, what is the schedule, and do we need financing?

Question is raised about pension assumptions, if the Town can block Edgemont from park access, and the impact on water and sewer fees.

Question is asked about methods of accessing funds during the transition (i.e. in advance of the Village's first property tax distribution).

Resident raises concerns about unsubstantiated information about parking, the loss of access to AFV pool, and the fate of a Long Island village that recently dissolved.

Consultants are asked about how other municipalities fared after incorporating, and who will provide EMS and public safety in the event of a catastrophe.

Question is raised about risks of incorporation; a discussion follows about risk mitigation and the risks of remaining unincorporated.

Question is raised about the pension impact, if any, on the schools and accordingly the school tax bill.

Question is asked about a the impacts to co-op and condo resident taxes, and for first-time attendees, where does one gather more information?

Question is asked about insurance costs and if the study considers the feasibility of locating facilities.

Question is asked about an Edgemont Village's benefit and pension obligations.
 

Question is asked about the price to acquire parking spaces at the Hartsdale Metro-North train station.

Question is asked about the location of village facilities. Second question is asked about ensuring government appropriately represents all residents, not just single-family homeowners.

Question is asked about how municipalities can work with each other to share services and facilities and avoid duplication.

HOW CAN I ACCESS SOURCE DOCUMENTS?

For the 2018-19 budgets of Greenburgh's existing 6 villages and other area villages of similar size:

  • Click here for the Village of Ardsley* (population 4,452).
  • Click here for the Village of Elmsford* (population 4,664).
  • Click here for the Village of Pelham Manor (population 5,486).
  • Click here for the Village of Larchmont (population 5,864).
  • Click here for the Village of Bronxville (population 6,323).
  • Click here for the Village of Irvington* (population 6,420).
  • Click here for the Village of Tuckahoe (population 6,486).
  • Click here for the Village of Pelham (population 6,910).
  • Click here for the Village of Hastings* (population 7,849).
  • Click here for the Village of Briarcliff Manor (population 7,867).
  • Click here for the Village of Croton (population 8,070).
  • Click here for the Village of Rye Brook (population 9,347).
  • Click here for the Village of Sleepy Hollow (population 9,870).
  • Click here for the Village of Dobbs Ferry* (population 10,875).
  • Click here for the Village/Town of Mt. Kisco (population 10,877).
  • Click here for the Village of Tarrytown* (population 11,277).

*Existing village in Greenburgh. Edgemont, population 7,565, would be Greenburgh's 7th village.

Click here for a link to other primary data documents. If you can't find what you're looking for, please e-mail us

STILL HAVE FINANCIAL OR TAX IMPACT QUESTIONS?

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.