Should Rye Town be dissolved?
A few weeks ago we started shooting a new video series from inside the newsroom in which Journal News/LoHud.com reporters and editors discuss tax stories in the news.
In today’s video, Opinion Page editor Herb Pinder and reporter Leah Rae talk about a scenario to eliminate Rye Town and potentially lower property taxes in Port Chester, Rye Brook and the Rye Neck section of Mamaroneck.
Rae wrote about the study for the Nov. 25 edition of The Journal News:
The elimination of the Rye town tax would yield recurring savings of $25 on a $500,000 property, according to the study. Cost and revenue shifts from Rye town would net a further savings of $52 for such a home in Port Chester and $72 in Rye Neck. In Rye Brook, which would have to create a court function, perhaps in conjunction with Port Chester, a house of that value would see $22 in costs, for a net $3 annual savings.
She summarizes the fiscal impacts on the Sound Shore blog.
Video by Melissa Elian