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 your 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%).
At the Greenburgh tax rate proposed by Paul Feiner for 2018, a newly incorporated Village of Edgemont--with nearly $2.7 billion of property valuation--would generate $15.3 million of property tax revenue and nearly $18 million of total revenue to fund services. That amount is comfortably more than most Westchester villages of Edgemont’s size and reflects that Edgemont’s post-reassessment tax base is among the highest in the area on a per-capita basis, representing nearly 27% of the property valuation of the unincorporated area of the Town but only 16% of its population and land area.
Further, the EIC’s team of third-party municipal experts, which includes finance and management professionals specializing in local government, has concluded that this level of funding will be more than sufficient to provide a high level of services to residents.
Click here for the full EIC financial feasibility 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: "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 their presentation slides.
Based upon updated financial information, the Village of Edgemont would receive $700,000 in additional property taxes and approximately $300,000 in other revenues (primarily building permits and mortgage transfer taxes) above the amounts projected in the January 2017 feasibility report..
Click here for a one-page summary financial statement from the 2017 feasibility report. All assumptions and research are in the full report above.
Shared services are supported by New York laws are strongly encouraged by Governor Cuomo. Inter-municipal agreements eliminate duplication and 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. Edgemont would enjoy service continuity, while the Town would earn contract revenue and minimize budget impact.
Feasibility Presentation Videos
Feasibility Presentation Videos
Public Works, Snow, Sanitation
Police and Public Safety
Novak Team Conclusions of Feasibility
Jon Lewis is an EIC leader, 16-year resident of Seely Place, and career municipal finance professional. He worked closely with the consultants on the feasibility report.