SYRACUSE, N.Y. (WSYR-TV) — The City of Syracuse is amending the 2019-2020 budget after hearing from neighbors concerned about losing STAR exemptions.
Common councilors will be making some changes.
Among those changes, the council has reduced the property tax levy by $1.5 million.
However, in order to offset that decrease, city officials say that they’ll be raising parking meter rates in order to raise around $600,000.
This is all to keep the city under the tax cap set by New York State.
Mayor Ben Walsh said, “This is the first time that we’re dealing with amendments, so I want to make sure I take my time review them thoroughly, understand the projections and the justification the council made in presenting them and then again ultimately I’ll make a final decision on the budget.”
City officials say they’ve had several other revenue adjustments that reduced the city’s use of their fund balance.