FOR IMMEDIATE RELEASE
October 18, 2023
Mayor Noble Delivers 2024 Recommended Budget
Ninth Year Below the Tax Cap, Maintains Essential Services
KINGSTON, NY – Mayor Steven T. Noble is pleased to release his 2024 Recommended Budget, which he presented in his annual Budget Address at City Hall today.
“My Recommended Budget represents a fiscally restrained approach to ensure our City’s continued financial stability. Despite rising inflation rates and increased costs in everything from asphalt to chlorine, this budget continues to provide vital infrastructure, maintain City services, and accommodate staff pay and benefit increases,” said Mayor Noble. “I have steadily lowered the tax rate for the last eight years, which means this slight increase will revert the tax rate to the 2021 level. By investing in our City staff, we will continue to reliably deliver essential services for our residents.”
A few of the 2024 Recommended Budget highlights include:
- Three new positions year over year
- Tax levy increases, for the first time in 8 years, 9th year below the tax cap
- Tax levy is increased by 1.94% to $17,941,969
- Modest change in the homestead rate from $8.81 to $8.98 (per thousand)
- Slight increase in the non-homestead rate from $13.91 to $14.09 (per thousand)
- Low Fiscal Stress Score (1.7 out of 100) for the third year in a row
- Investment in retention of employees
- Investment in equipment across departments to maintain infrastructure
- Sewer Rate set at $7.13 per unit
The 2024 Recommended Budget includes a slight tax rate increase of 1.94%, staying below the tax cap for the ninth year in a row. The budget reflects inflationary increases, with rising personnel and benefit costs accounting for 55% of the increase in this year’s proposed budget.
Mayor Noble’s 2024 Recommended Budget, Capital Plan, and presentation can be found at https://kingston-ny.gov/budget2024.
2024 Budget Process Timeline
October 18 Mayor Noble's 2024 Budget Address
October 30 Public Hearing on Proposed Budget, 7pm
Nov. 9 Finance Committee Budget Meeting: Parks & Rec/Clerk's Office, 6:30pm
Nov. 13 Finance Committee Budget Meeting: KPD/Comptroller, 6:30pm
Nov. 14 Finance Committee Budget Meeting: Waste Water Treatment/DPW, 6:30pm
Nov. 16 Finance Committee Budget Meeting: City Hall, 6:30
Nov. 27 Finance Committee Budget Meeting: KFD/Building Safety, 6:30pm
Nov. 29 Budget Review, 6:30pm
Nov. 30 Budget Wrap-up, 6:30pm
December 5 Common Council votes to pass 2024 Adopted Budget, 7:30pm