City of Mount Vernon, New York PUBLIC NOTICE SUMMARY OF THE PROPOSED ANNUAL ESTIMATE FOR THE YEAR 2026 AND COMPARISONS WITH THE ADJUSTED BUDGET FOR THE YEAR 2025.   ESTIMATE 2026                                                ADOPTED 2025   Department Appropriations 90,186,849                                                               89,816,744 Employee Benefits, City debts and Miscellaneous Items 65,993,703                                                               61,659,488 Gross City Budget 156,180,552                                                           151,476,232 ARPA Offset ---------                                                                     ----------- Appropriated Fund Balance ---------                                                                     ----------- Cash in Reserve of Taxes ---------                                                                     ----------- Estimated Revenue (75,854,520)                                                         (76,582,380) Net City Budget 80,326,032                                                              74,893,852 Overlay to Provide for Uncollected Taxes 1,000,000                                                                   1,000,000 Prior Year Tax on Former Exempt Properties (50,000)                                                                         (50,000) Net Property Taxes to be Levied 81,276,032                                                              75,843,852 Assessed Valuations: Assessed Valuations of City Taxes: 147,523,232                                                          146,049,742 Property Rate Per Thousand: City: 550.94                                                                               519.30 Property Tax Rate: 550.94                                                                               519.30 Property Tax Percent Increase: 6.09%                                                                                 3.60%   PUBLIC HEARING NOTICE   A public hearing will be held before the Board of Estimate and Contract of the City of Mount Vernon on December 1, 2025, at 7:00PM in the City Council Chambers, City Hall in reference to the Annual Estimate for the year 2026. All interested citizens of the City of Mount Vernon will have the opportunity to give written or oral comment.   Copies of the detailed proposed budget will be available in the office of the City Clerk.   SHAWYN PATTERSON – HOWARD, MAYOR DANIELLE BROWNE. ESQ.- CITY COUNCIL PRESIDENT DARREN M. MORTON- COMPTROLLER NICOLE J. BONILLA - CITY CLERK   Call Nicole J. Bonilla, M.B.A., at 914-665-2351, daytime 11852035