Binghamton mayor announces tax cuts in new proposal for 2020 city budget

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BINGHAMTON (WBNG) – Binghamton Mayor Rich David announced his proposal for the city’s 2020 budget in front of members of city council Thursday night.

Mayor David says the city’s budget will total $97 million in 2020.

“This budget supports these priorities and others and creates a road map for the city. To not just deliver the basic services of local government but also take on the tough challenges that residents expect us to tackle,” said David.

His biggest topic of the day was announcing a three percent tax cut for home owners.

The mayor claims the tax cut would be the largest for Binghamton home owners since 1998.

“2020 would mark the fourth straight year homeowners will see a tax cut and the fifth straight year for commercial property owners,” said David.

David also says his new budget promises to not increase water or sewage bills in the city.

“As long as we work together and make the tough, but necessary, decisions to protect ratepayers, I believe Binghamton can deliver a zero percent increase to sewer ratepayers in 2020,” said David.

The mayor is proposing $9.8 million in the budget would go toward street reconstruction, paving, maintenance and underground utility work as well as improving local parks.

“We are facing some of our toughest infrastructure challenges yet with major projects to fix State Street downtown and Davis Street downtown. Neighbors and residents deserve new roads,” said David. “We will replace the crumbling tennis courts at Mac Arthur park and Recreation Park.”

David says money will also go toward first responders to help upgrade facilities and equipment.

“Our public safety fleet is also being upgraded with $900,000 in new vehicles, a new fire engine, four patrols cars and five new medical response vehicles,” said David.

Mayor David also announced the City will advance two major flood mitigation projects in 2020 to build a floodwall as well as move forward with the design phase of an estimated $3 million project to construct a pump station in the Moeller Street neighborhood and upgrade storm water infrastructure.

“While the new pump station will help protect the East Side from flooding, the floodwall and levee certification is a critical step toward protecting residents across the City against mandatory and expensive flood insurance,” said David.

The mayor says he is confident that his proposal will pass with little to zero opposition.

City council look over the proposed budget over the next few weeks before voting on it.

Click here to see the full 2020 budget proposal.

Tyler Brown

Tyler Brown

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