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City HallFriday, November 6

Ithaca's Common Council passes a 2027 budget that stays under the tax cap

The Daily Ithaca teamFrom today’s edition · 1 min read · 2 sources

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If you own property in the city, here's your 2027 number: Ithaca's voted unanimously Wednesday to pass a budget with a 2.72% property tax increase. That keeps the city below New York's for the first time in five years.

Ithaca's 2027 budget is 8.6% above this year's

Source: The Ithaca Voice

View as table
Value
2026 budget$111.5M
2027 budget$121.1M

The tax cap is a soft state limit on how much a local government's total property tax revenue, called the levy, can grow from year to year. After amendments, the budget stands at $121,080,402. It got there despite an initial $8 million revenue gap at the start of the budget process.

  • Operating expenses: nearly $118.8 million
  • Capital improvements: $23.8 million

2.72%property tax increase in the city's 2027 budget

The increase stays below New York State's property .

Sources: Finger Lakes Daily News, The Ithaca Voice

Sources: The Ithaca Voice, Finger Lakes Daily News

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