DID YOU KNOW? 11-22-13

The City of Rye was founded in 1660, became a village in 1904, and was incorporated as a city in 1942.

Published November 21, 2013 3:21 AM
2 min read

0:00

The City of Rye was founded in 1660, became a village in 1904, and was incorporated as a city in 1942.

 

By The City of Rye Finance Committee

 

1) The City of Rye was founded in 1660, became a village in 1904, and was incorporated as a city in 1942.

 

2) The City’s Annual Budget serves as the foundation for the City’s financial planning and control. All departments of the City are required to submit requests for appropriations, revenue estimates for the forthcoming year, and a forecast of current year revenue and expenditures to the City Comptroller, on or before August 31 of each year.

 

3) The City Council must adopt a budget and set the property tax rate for the forthcoming year on or before December 31 of the current year.

 

4) In 2012 the City’s revenue demonstrated signs of improvement as compared to 2011. The General Fund revenues were roughly $1,900,000 greater than 2011 revenues; also, property tax revenues increased about $562,000 for the same period.

 

5) The top ten principal taxpayers of the City represent roughly 7.6% of the total tax role, with public utilities representing 2.9%, commercial establishments 1.3% and residential properties representing the remaining 3.4%.

 

6) In 2012 residential tax revenue represented 72.81% of the total tax receipts as compared to 69.31% in 2003. In 2012 commercial tax revenue represented 12.37% of the total tax receipts as compared to 14.10% in 2003.

 

7) The 2012 unemployment rate for the City was 6.2%, and continues to remain favorable against the 2012 rates for New York State (8.2%) and the U.S. (8.1%).

 

8) The City’s total bonded debt decreased 7.1% from $20,845,000 to $19,360,000 during the 2012 fiscal year, representing $1,485,000 in principal payments made during the 2012 calendar year.

 

9) City employee salaries and wages for 2012 decreased $84,990 (0.7%) from $12,109,630 to $12,024,640, reflecting the continued retirement/resignation of full-time employees.

 

10) Fines and forfeitures — $609,247 — remained relatively consistent year over year in 2012, with increased vehicle and traffic fines of $22,810, offsetting decreased parking violations of $27,436.

 

Filed Under:
Subscribe and get freshly baked articles. Join the community!
Begin typing your search above and press return to search. Press Esc to cancel.

rajbet app

rajbet india

lottoland asia

lottoland india

dafabet login

dafabet app

4rabet login

khelo24bet login

rummy gold

rummy glee

teen patti

teen patti gold

teen patti joy

teen patti master

rummy modern

andar bahar

dafabet

bonus new member

gullybet

IPLWin

IPLWin

tk88

tk88

thienhabet

thienhabet

Dbbet

Nagad88

Babu88

Six6s

Bhaggo

Elonbet

yono rummy

rummy glee

rummy perfect

rummy nabob

rummy modern

rummy wealth

jeetbuzz

iplwin

yono rummy

rummy deity

rummy app

betvisa

lotus365

hi88

8day

97win

n88

red88

king88

j88

i9bet

good88

nohu78

99ok

bet168

betvisa

satta king

satta matta matka