UTICA, N.Y. -- Utica's mayor and the city comptroller are touting a budget surplus of $531,000 for the 2017-18 fiscal year, which leaves $6.7 million in the city's fund balance.
The mayor cites positive fiscal trends - like an expanded tax base and an increase in sales tax revenue.
"By working collaboratively with Comptroller Morehouse and other partners in City government, we have established a trend of financial stability and responsibility in securing a sixth consecutive surplus," Mayor Robert Palmieri said in a statement. "We've lived within our means and our positive turnaround has been recognized by all the financial institutions."
But Councilperson Samantha Colosimo-Testa questions the mayor's numbers. She claimed the surplus is due to a proposed 8-percent tax increase last year.
“Are we seriously making a press release about another surplus when the mayor proposed an 8% tax increase last year?” Colosimo-Testa said in an email to WKTV. “The taxpayers cannot continue to be fooled! The city’s surplus is off the taxpayers pocket.”
The mayor’s office responded that audit was the result of a budget that had no tax increase.
This is the sixth recorded year of a budget surplus for Utica.
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