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The transparency of Newburgh's city budget has come under question despite recent accolades for fiscal management. City Manager Todd Venning has proposed the fiscal year 2026 budget with no new taxes or rate increases for essential services, while continuing to lower the homestead tax rate for the seventh year in a row. Venning emphasized the city's commitment to fiscal responsibility and transparency, stating that the budget reflects efforts to protect taxpayers and maintain service levels.
The proposed budget includes increased spending on public safety and continues a $250 million infrastructure improvement plan. Venning highlighted the city's success in reducing reliance on real property taxes to 34% of the general fund by expanding the tax base and exploring alternative revenue sources.
Newburgh has received recognition for its fiscal management, including New York State Comptroller Thomas DiNapoli’s top score for municipal fiscal health for six consecutive years. Additionally, Moody’s Investment Services upgraded Newburgh’s credit rating to A1, citing strong management and fiscal transparency.
Despite these achievements, some residents and officials have raised concerns about the budget's transparency. The city has made efforts to involve the community in the budgeting process, including public budget work sessions and making the budget available online in a searchable format. However, as reported by Mid Hudson News, questions remain about the clarity and accessibility of the budget information.
A public hearing on the budget was held on November 10, with the City Council scheduled to take action on November 24. The outcome of this meeting will determine the next steps in addressing the transparency concerns raised by the community.