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.
Recent estimates indicate tariff actions will add approximately $11,000 to the cost of building each new single-family home.
One of the most important process improvements in the agreement involves the ability to increase the use of commercial title insurance in certain instances.
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.”
Recent estimates indicate tariff actions will add approximately $11,000 to the cost of building each new single-family home.
One of the most important process improvements in the agreement involves the ability to increase the use of commercial title insurance in certain instances.
Jenkins blamed rising costs along with lower-than-expected sales tax revenue are the chief contributors to the significant budget gap the county is contending with.
“Home sales have struggled to gain traction, but prices continue to rise, contributing to record-high housing wealth,” said NAR Chief Economist Lawrence Yun.
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