FOR IMMEDIATE RELEASE: October 29, 2021
MEDIA CONTACTS: Gordon Tepper, Rebecca Cheng and Michael Anderson | (516) 869-7794
North Hempstead Approves 2022 Budget Plan, Stays Under Tax Cap
North Hempstead, NY – The Town of North Hempstead’s 2022 budget was approved last night unanimously. The $156.6 million plan stays within the New York State tax cap and includes no cuts to services for residents. For the eighth consecutive year the final budget was voted on prior to Election Day.
“The Town’s 2022 budget is indicative of the fiscally conservative practices of my administration,” said Supervisor Judi Bosworth “We have worked to ensure that the Town continues to deliver essential services for our residents,” said Supervisor Bosworth. “I am grateful to our Comptroller Tania Orenstein and her staff for presenting this fair and responsible spending plan for our Town.”
The budget plan includes $88.5 million for the general fund, $40.1 million for the Town outside Village fund and $28 million in our Town Operated Special Districts. The General Fund tax levy increased by just 2.9%, an average of $9.70 per household. The Town Outside Village Fund tax levy increased by 2.3%, an average of $19.21 per household.
In September 2021, the Town was assigned a Aaa rating by the independent Wall Street bond rating agency Moody's Investors Service to the Town’s $15.3 million Public Improvement Serial Bonds. Aaa is the highest rating provided by Moody’s.
The October 28 budget vote followed a series of work sessions and public hearings held throughout the months of September and October, during which time the public’s suggestions and reactions were taken into account.