12/20/2025
The city of Elmira proposed a 12 percent property tax increase in its $46.7 million 2026 budget. Next year’s budget proposal is $5.3 million more than the city’s 2025 budget of $41.4 million.
Tax rates for 2026 would increase by $179.90 for a property assessed at $50,000, $359.80 for properties assessed at $100,000 and $539.70 on properties assessed at $150,000.
During City Manager Michael Collins' budget presentation on Dec. 12, he outlined several factors for the increases to the 2026 budget. These factors include a rise in health insurance, personnel wages, retirement contributions and changes to shared services agreements.
The city’s fund balance has declined “significantly” year-over-year. In 2023, there was $7.46 million. In 2024, the fund balance dropped to $2.42 million.
The city faces terminated shared services with the county and expiring union contracts as well.
Read the full story at WSKG.org
Story by Natalie Abruzzo/WSKG News
Photo from city of Elmira Youtube