Governor Cuomo launched the Municipal Restructuring Fund – a new $25 million program to assist local government and school officials with developing transformative projects that will lead to property tax reductions for property owners.
Projects submitted through the program will be ranked as they are received based upon established criteria until funding is exhausted. Projects will be ranked by impact, service delivery areas and municipal function, and the potential for long-term property tax savings.
The Department of State will identify local leaders with transformative ideas and help them define projects.
Local governments interested in partnering with the Department of State on transformative restructuring programs should contact the Division of Local Government Services.