One of the key pieces of legislation discussed was Intro 1120, sponsored by Councilmember Julie Farías, that would establish clear timelines for cooperative boards to process, review, and issue decisions on co-op purchase applications.
As part of the approved plan, the developer will donate the historic Field Home building and a surrounding 3.05-acre portion of the property to the Town of Yorktown for preservation and reuse.
For the first time, the budget also provides for the sharing of a modest portion of sales-tax revenues, estimated to total about $2.3 million in 2026, with all Putnam County towns and villages.
CARMEL, NY – Putnam County Executive Kevin Byrne signed the 2026 Putnam County Budget into law on Nov. 7, resulting in significant savings for taxpayers over the first three years of Byrne’s tenure in office. The 2026 budget includes a $1-million cut to Putnam County’s property-tax levy, delivering the largest property tax cut in county history.
The $229-million spending plan accounts for approximately $7 million in new spending passed by the Putnam County Legislature. It also extends other Byrne-led initiatives such as extending targeted sales tax cuts through a one-year extension of tax-free purchases on clothing and shoes under $110, both online and in-store.
For the first time, the budget also provides for the sharing of a modest portion of sales-tax revenues, estimated to total about $2.3 million in 2026, with all Putnam County towns and villages. Municipalities can use the additional revenue to fund infrastructure improvements, county officials stated. This is Byrne’s third county budget that provides tax relief, totaling over $10 million in total savings to taxpayers over three years (three years of targeted sales tax cuts totaling more than $7.5 million and three years of cuts to the tax levy totaling approximately $2.5 million from FY24-FY26).
Other highlights of the FY2026 budget’s affordability agenda include:
“This bold plan delivers millions of dollars in tax relief to Putnam County residents, makes critical investments in the health and safety of our families, and increases transparency and accountability so that taxpayers can check our work,” said Putnam County Executive Byrne. “Our affordability agenda for Putnam County delivers real relief where it matters. Since taking office, our administration has found new and creative ways to improve services, enhance efficiency, and save local taxpayers more than $10 million. That’s real money in the pockets of our residents and a commitment I’m proud to continue through 2026.”
As part of the approved plan, the developer will donate the historic Field Home building and a surrounding 3.05-acre portion of the property to the Town of Yorktown for preservation and reuse.
Existing-home sales are projected to rise 1.7% in 2026 to 4.13 million, a small but notable gain after a nearly flat 2025 and one of the slowest sales periods in nearly 30 years.
Lingering inflation risk and the likelihood that we’ll avoid a recession will keep the Fed from cutting more than the markets have already priced in.
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