There’s a new report of interest to taxpayers in Port Chester, Rye Brook and Mamaroneck—or anyone who can’t resist a title like “Review of Governance and Service Alternatives.”
The report is the result of a study on whether it could save money to eliminate the Town of Rye, a thin layer of government that collects taxes in Port Chester, Rye Brook and a portion of Mamaroneck. This draft analysis describes a scenario that is projected to generate savings on property tax in all three places by replacing the town with three coterminous town-village governments. There are also costs, in the case of Rye Brook.
Have a look at the study, posted here by consultants CGR, and let us know what you think. The study’s steering committee, made up of municipal officials, called the report merely a “starting point” for discussion and will hold a forum at 7 p.m. Nov. 28 in Rye Brook Village Hall. And if this is all new to you, you might want to start with our blog post on the five wackiest things about Rye town.
(ADDED: Read our Sunday Journal News article on the report here.)
Here is a summary of the fiscal impacts of the CGR’s model for dissolving the town:
1. Recurring savings of $25 on a $500,000 property in Port Chester, Rye Brook and Rye Neck by eliminating the Town of Rye property tax;
2. Recurring savings of $459 on a $20,000 property in that portion of the Village of Mamaroneck located in the Town of Mamaroneck (i.e. outside the Town of Rye) by eliminating the Town of Mamaroneck property tax;
3. Recurring savings of $52 on a $500,000 property in Port Chester, recurring costs of $22 on a $500,000 property in Rye Brook, and recurring savings of $72 on a $500,000 property in Rye Neck as a result of Town of Rye revenue reallocations, cost shifts and certain service adjustments that would be required by the elimination of the Town of Rye; and
4. One-time benefits from the disposition of certain Town of Rye assets and properties, valued at $1.42 million in Port Chester (the equivalent of $252 on a $500,000 property), $1.44 million in Rye Brook (the equivalent of $290 on a $500,000 property) and $0.80 million in Rye Neck (the equivalent of $199 on a $500,000 property).