ROME, N.Y. – Rome Mayor Jacqueline Izzo presented the city’s $45 million budget proposal for next year at the common council meeting Wednesday night.
The 2020 budget is up $1.1 million from last year.
Izzo says the budget is part of the Capital Improvement Plan, a strategy the city has put in place to keep debt payments level and avoid spending surges.
At the meeting, Izzo said property taxes and water expenditures would remain the same, while the city would prioritize improving infrastructure. This includes more than $60 million in investments for upcoming housing projects.
With real estate boosting economic development, the inside district fund is up over $3.5 million and the general fund is up $2.5 million, increasing the total tax levy by $58,503.
The conservative estimate of interest on invested funds is $135,000, which is up $52,500 from last year.
The city will also begin leasing vehicles instead of purchasing them, a decision that’s expected to save more than $300,000.
Izzo says there are several businesses hiring in the area that she hopes draws more people to live in Rome.
“Between the Orgill Distribution Center, Booz Allen Hamilton’s expansion, AIS, Rome Labs, all of them are hiring. All of our light manufacturers are hiring throughout the city so there are more job opportunities available here and more people taking advantage of them,” she said.
The city will vote on the budget next month.
Read the full budget message below.