Westchester Reporter

Westchester County Executive George Latimer has presented a proposed 2025 Capital Budget amounting to $385.15 million in new appropriations to the Board of Legislators. Latimer emphasized fiscal responsibility, stating, "This budget, like those before it, reflects the ongoing work my administration has done to strengthen public services and modernize infrastructure across Westchester County." He also noted the focus on partnerships with state and federal agencies for matching funds.

The budget follows five years without a general fund tax levy increase and comes after Fitch Ratings awarded Westchester County a "AAA" credit rating. S&P Global Ratings revised its outlook on the county from stable to positive while affirming an "AA+" long-term rating on existing bonds. Moody’s Investors Service affirmed the county's credit position as “Aa1 stable.”

Deputy County Executive Ken Jenkins highlighted balanced investments in critical infrastructure, public safety, environmental sustainability, and community amenities. He said: "This budget builds on a legacy of balanced investments, ensuring continued progress in critical infrastructure."

County Budget Director Lawrence Soule commented on financial decisions allowing efficient project implementation: "This budget reflects sound financial decisions that allow us to implement projects efficiently."

A significant portion of the budget is dedicated to affordable housing, with $25 million allocated for projects through the Housing Implementation Fund and another $25 million for the New Homes Land Acquisition Program. Department of Planning Commissioner Blanca Lopez remarked on Latimer's commitment to affordable housing development.

Infrastructure improvements are also prioritized. Chief Information Officer Marguerite Beirne stated: "The proposed Capital Budget provides essential funding that will support a wide range of critical IT projects." Among notable proposals are upgrades to Peekskill’s Highland Avenue Pumping Station and replacement of Kemey’s Cove Force Main in Ossining Sanitary Sewer District.

Commissioner Hugh Greechan noted that infrastructure projects will benefit residents countywide: “The County Executive’s 2025 Capital Budget proposal builds on this administration’s record of strengthening critical infrastructure.”

Sustainability initiatives include investments in flood mitigation and electric vehicle charging stations. Dean Tarulli spoke about long-term sustainable development efforts: “This investment in long-term sustainable development will lay the groundwork for a resilient future.”

Parks and recreation facilities are set to receive $77.97 million for enhancements. Projects include rehabilitation at Tibbetts Brook Park's pool and Hilltop Hanover Farm's infrastructure.

Kathy O'Connor expressed appreciation for support from Latimer's administration: “The continuous support for the Parks Department from County Executive Latimer and his administration is exemplified by the large number of projects that are being funded.”

The Westchester County Board of Legislators is tasked with passing both the capital and operating budgets by December 2024.