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Peekskill
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2027 Budget and Tax Cap Override

Peekskill

Summary

The city manager's tentative 2027 budget totals about $59 million and would raise the tax rate 3.5% — about $107 a year for the average homeowner. Pension and health costs are the big drivers; the council will also consider redirecting the 1% transfer tax to general emergency services spending.

At a glance

Total mentions
5
Last 30 days
4

Rising — discussed at 5 meetings since Sep 28, 2026, up from 0 in the two months before.

Impact analysis

💰Financial impact

About $107 more per year (under $9 a month) in city taxes for the average single-family homeowner.

✅Who benefits

Residents relying on city services, since six police-related and other vacancies would be filled and two new police officer positions added.

⚠️Who could be affected

Homeowners and taxpayers facing the 3.5% rate increase amid rising mandated pension and health costs.

Mentions & discussions (5)

MeetingOct 26, 2026

Work Session and Common Council Meeting - Oct 26, 2026

The city is raising taxes 3.5% to fund a $59.5 million budget, mostly because of a $2.5 million jump in pension and health insurance costs. The average homeowner will pay about $107.68 more per year.

MeetingOct 14, 2026

Special Work Session Budget Meeting - Oct 14, 2026

The draft 2027 budget totals about $59 million and raises the tax rate 3.5% — about $108 a year on the average home. Officials say that's well below other New York cities, and it keeps six FEMA-funded firefighters on staff and adds a police captain position. Public hearing is October 26; adoption vote November 9.

MeetingOct 13, 2026

Work Session and Common Council Meeting - Oct 13, 2026

The council scheduled an October 26 public hearing on overriding the state 2% property tax cap for 2027, driven by pension costs up $2.5 million since 2017 and health premiums rising at least 8%. Your property tax bill could rise above the cap — comment at the hearing or by email by noon October 26.

MeetingOct 7, 2026

Special Work Session Budget Meeting - Oct 7, 2026

The proposed budget spends $58.97 million, with property taxes covering 37% — lower than the typical Westchester County range of 45-55%. The tax levy would rise 3.92% and the tax rate 3.5%, with higher projections for parking revenue thanks to the new app and kiosks.

MeetingSep 28, 2026

Work Session and Common Council Meeting - Sep 28, 2026

The city manager's tentative 2027 budget totals about $59 million and would raise the tax rate 3.5% — about $107 a year for the average homeowner. Pension and health costs are the big drivers; the council will also consider redirecting the 1% transfer tax to general emergency services spending.

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