UTICA, N.Y. — The Oneida County Board of Legislators on Wednesday passed the $494.7 million budget and capital plan for 2023, presented by Oneida County Executive Anthony J. Picente, Jr.
There is no property tax levy in the balanced budget for the 10th year in a row. The budget appropriates $131.9 million in sales-tax revenue, $23.8 million in Oneida Nation revenue, and retires $19.3 million in debt. It includes a six-year capital plan totaling $139.9 million.
Other spending items in the budget include $14.2 million for mental health and suicide prevention for veterans, $885,000 for Cornell Cooperative Extension of Oneida County, $800,000 for local libraries, $400,000 for Mohawk Valley EDGE, $300,000 for the Utica Zoo, and $200,000 for local humane societies.
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CECL Accounting Standard: What You Need to Know
The Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 326, Financial Instruments-Credit Losses, became effective for all entities on January 1, 2023. This accounting standard introduces the current expected
CECL Accounting Standard: What You Need to Know
The Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 326, Financial Instruments-Credit Losses, became effective for all entities on January 1, 2023. This accounting standard introduces the current expected
While the county did not include American Rescue Plan Act funding in the 2023 operating budget, some of those funds are reflected in two capital projects — $2 million for broadband expansion and $2.5 million for the county’s Main Street revitalization program.
