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Veitch Comments on Uses for County Funds to the City

AFFORDABLE HOUSING ONE POSSIBILITY FOR USE OF FUNDS

Matthew Veitch, candidate for Supervisor of Saratoga Springs, today said he was pleased to hear that Saratoga County is planning to disburse $5 million in County funds to municipalities.  Saratoga Springs is set to receive $783,226 of those funds.

“Saratoga County continues to flourish,” said Veitch.  “Through the hard work of the Board of Supervisors over the years, the County has a healthy fund balance.  I support the move of the County giving back to towns, villages, and cities in this County”

The County has disbursed the revenue in the past. In 2001, $3.5 million was given back, and in 2005, $5 million.  Even though the funds have been made available to Saratoga Springs in the past, Veitch believes it should be treated like a one-time bonus for the City.  

“I do not believe that these funds should be used for tax relief,” Veitch said.  “The city has many capital projects on the table, such as the new Police and Fire Stations, and the new Recreation Center.  It could also be put away for future use, such as funding the Affordable Housing Trust Fund.  There is no guarantee that these funds will continue to be given to the City.”  

Veitch also said that if elected Supervisor, he will work hard to continue the success of the County, so that funds continue to come back to the City.  

“It is no accident that Saratoga County is so prosperous,” Veitch said.  “As Supervisor, I will work with the other Supervisors to continue the fiscally conservative methods that have kept Saratoga County the lowest-taxed County in New York State.”