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Government Offical Deciding

Knowing when outsourced accounting services can benefit New York local governments

COVID-19 and the resulting economic shutdown have been hard on local governments, and now may be a good time to weigh whether the trained eyes of outside accounting services can help put your Town, Village or City back on track. In the best of times, officials in New York’s cities,
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Shaking Hands

When Shared Services Make Sense for New York Municipal Governments, and How to Build Foundations for Success

Local municipalities in New York searching for ways to save money in the face of the ongoing COVID-19 pandemic should take a hard look at whether sharing services with other local governments is feasible. In 2017 New York launched its Shared Services Initiative, asking counties to convene shared services panels
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Government Officials Meeting

How Municipalities Can Issue Debt to Raise Cash Under Current New York Law, and Why it Could Make Sense for You

COVID-19 has left many New York municipalities short on cash as they grapple with a triple threat: falling sales tax revenues, holds on state aid, and unexpected expenses due to the pandemic. Short-term borrowing strategies can provide local governments with the funds to stay afloat until property tax payments or
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Strategy Meeting

Alternative Methods of Revenue Generation Could Pay Big Dividends for New York Municipalities

Local governments in New York provide a wealth of services to their residents: water and sewer, parks and recreation, police protection, trash and recycling pickup, zoning and planning. If the municipality charges appropriate fees, the types of services that draw people to a given town, village or city can be
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Short-term Debt

How municipalities can issue debt to raise cash under current New York law, and why it could make sense for you.

COVID-19 has left many New York municipalities short on cash as they grapple with a triple threat: falling sales tax revenues, holds on state aid, and unexpected expenses due to the pandemic. Short-term borrowing strategies can provide local governments with the funds to stay afloat until property tax payments or
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Municipalities borrowing from municipalities in New York State: Is it right for you?

Municipalities borrowing from municipalities in New York State: Is it right for you?

As New York local governments cast about for strategies to manage funds and generate revenue to weather the economic hardships of the COVID-19 pandemic, some could benefit from a little-known provision of New York law that allows municipalities to borrow from one another. Because municipalities in different parts of the
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Budget Review

Why Ongoing Independent Budget Reviews Offer Big Benefits for Municipal and County Governments in New York

As towns, villages, cities, and counties in New York deal with the economic fallout of COVID-19 in their own finances and on those of their taxpayers, it is a good time to consider an independent budget review to ensure that elected officials are doing all they can do to manage
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Woodbury Commons

How Improvement Districts Help Drive Needed Revenue for Municipal and County Governments in New York

Municipal governments in New York looking for ways to generate revenue can consider improvement districts, such as business improvement districts, to fund needed services in high-demand areas without imposing an undue burden on other taxpayers. New York State enacted legislation allowing for the creation of business improvement districts (“BIDs”) in
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