Binghamton City Council Aims To Lower Proposed Tax Increase

By Kelly McCarthy

October 16, 2012 Updated Oct 16, 2012 at 6:29 PM EDT

Binghamton, NY (WBNG Binghamton) Binghamton City council eyes a smaller property tax increase but has another week to go before finalizing a plan.

Mayor Matt Ryan originally proposed a 10.8 percent hike that would cost an additional $176 on a property accessed at $75,000.

Council President Teri Rennia says council is now looking at a 7.1 percent increase, which would keep it under the state tax levy cap.

"We're trying to make it as limited a hit for the residents as possible, you know we don't really want people to necessarily feel it as much," said Rennia.

The council is using the remaining three days of budget talks to look for any additional cuts.

"We've been working really diligently working line by line trying to make precision cuts, cuts that won't destroy the services but that will give our tax payers some relief," said Rennia.

Rennia added the majority of city expenses comes from city employee costs and public safety.

There is a public budget hearing on Monday, October 22 at 5 p.m. at City Hall.