For More Information:William R. Steinhaus
STEINHAUS ANNOUNCES NO PROPERTY TAX INCREASE FOR 2001
Poughkeepsie -- County Executive William R. Steinhaus announced today the 2001 Executive Budget he will submit to the Dutchess County Legislature by November 1 will not raise the county property tax levy above the current level. Dutchess County budgets and financial planning during the Steinhaus administration have positioned the county to maintain a Aa1 bond rating by Moody’s Investor Services, to be at only 24% of its constitutional tax limit and to be at only 8% of its constitutional debt limit.
"Tax stabilization has been a major component of my fiscal policies with the result that the county tax levy is lower today than when I took office in 1992," the county executive said. "Dutchess County now has an overall eight year track record of property tax decreases and property tax stability, and I want to ensure we continue an environment of fiscal restraint and sound budgeting while providing the families of our county with quality services. My 2001 Executive Budget will accomplish that goal."
According to Steinhaus, tax stabilization is instrumental in promoting expansion of existing companies and in attracting new businesses and new jobs to Dutchess County. "Taxes, both what property taxes cost today and the predictability of what the taxes will be in the future, are always a key factor in a company’s relocation decisions," said Steinhaus. Dutchess County has been a national leader in job growth, has achieved unprecedented levels of employment and as announced recently in the Wall Street Journal, has achieved a sixth place national ranking in household income growth in the entire United States.
"But tax stabilization is not just about economic development," Steinhaus noted. "We remain extremely committed to helping our retired seniors living on fixed incomes, our working families and our young families just starting as homeowners. In fact, our fiscal policies have decreased the county share of the total real property tax bill paid by our homeowners."
"Dutchess County is a wonderful place in which to live, work, and invest," said Steinhaus. "The 2001 Executive Budget I will release next week will continue the policies and practices which have served our residents well and will address the challenges and opportunities facing us in 2001."
2000 Press Releases