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Regional Initiatives – Hudson Valley

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The Enacted Budget provides $2.1 billion in school aid for the Hudson Valley region, a substantial increase of $170.2 million (8.8 percent). The City of Yonkers School District will receive $228.2 million in school aid, an increase of $16.2 million (7.6 percent).

Additionally, the budget provides critical funding for infrastructure development in the Hudson Valley, including $10 million for waterfront improvement initiatives, $5 million for the development of the solar energy industry, and $5 million for the growth of the semiconductor industry.

Aid and Incentives to Municipalities (AIM) revenue sharing funding will total $172.8 million for the Hudson Valley, an increase of $10.6 million (6.5 percent). In Yonkers, AIM funding will total $114.9 million, an increase of $7.2 million (6.8 percent).

Consolidated Highway Improvement Program (CHIPS) funding for Westchester County will total $2.62 million, an increase of $119,025 (4.8 percent), which will help fund important infrastructure initiatives. The continued capping of local Medicaid costs and the state takeover of the Family Health Plus program will save Westchester County taxpayers $22.9 million in 2008-09.

A summary of selected budget actions affecting the Hudson Valley are included below.

SELECTED HIGHLIGHTS FOR THE HUDSON VALLEY – 2008-09 ENACTED BUDGET

Hudson Valley-Westchester Region

Columbia County

Westchester County

Dutchess County

Orange County

Rockland County

Ulster County

Putnam County

City of Yonkers

City of Newburgh

City of Poughkeepsie

City of Kingston

City of Middletown