Westchester County Executive George Latimer Unveils $385.15 Million Proposed 2025 Capital Budget

Westchester County Executive George Latimer has submitted his proposed 2025 Capital Budget for the County of Westchester to the Board of Legislators. This proposed Capital Budget totals $385.15 million in new appropriations.

 

Latimer said: “This budget, like those before it, reflects the ongoing work my administration has done to strengthen public services and modernize infrastructure across Westchester County. This Capital Budget has been developed with a focus on fiscal responsibility. Where possible, we have sought out partnerships with state and federal agencies to secure matching funds for key projects. It showcases our commitment to responsible, sustainable growth while continuing to safeguard taxpayer dollars and deliver tangible results for our communities.”

 

This Capital Budget comes after five consecutive years without a general fund tax levy increase, and on the heels of Westchester County being recognized by Fitch Ratings with a prestigious “AAA” credit rating, S&P Global Ratings revising its outlook on the County from stable to positive and affirming its “AA+” long-term rating on the County’s existing general obligation bonds, and Moody’s Investors Service affirming the County’s credit position as “Aa1 stable.”

 

Deputy County Executive Ken Jenkins said: “This budget builds on a legacy of balanced investments, ensuring continued progress in critical infrastructure, public safety, environmental sustainability specifically flood mitigation and climate resiliency projects, and enhanced community amenities. It reflects our commitment to Westchester’s future.”

 

County Budget Director Lawrence Soule said: “This budget reflects sound financial decisions that allow us to implement projects efficiently, keep County infrastructure in top condition, and invest in key priorities that strengthen our communities.”

 

Visit Westchester County Executive George Latimer Unveils $385.15M Proposed 2025 Capital Budget to review the budget.