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Peekskill
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taxes budgetMedium priorityopen

Firehouse transfer tax reserve growing unusable

Peekskill

Summary

The transfer tax earmarked for firehouse debt keeps piling up — about $500K a year extra — and the law currently bars spending it elsewhere. Staff plans a proposal to redirect some of it toward new firefighters.

At a glance

Total mentions
1
Last 30 days
0

Last discussed Jul 6, 2026.

Impact analysis

💰Financial impact

Roughly $500,000 a year is accumulating in a restricted reserve the city currently cannot spend.

✅Who benefits

If the law is changed, the fire department and taxpayers could put that money to work on new firefighters.

Mentions & discussions (1)

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