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| Yaman Park, photo credit Cortland Youth Bureau. |
In recent news the city of Cortland has been downgraded by Moody’s due to ongoing deficits, declining reserves and concerns over management and oversight. https://www.wxhc.com/moodys-ratings-downgrades-city-of-cortlands-credit-rating-cites-ongoing-deficiencies/
With a $2.5 million budget deficit in 2025, common council recently approved additional bonding for Yaman Park. https://www.wxhc.com/common-council-approves-bond-for-yaman-beach-improvements/ It seems that the priorities are for entertainment rather than management of debt/deficit. The property tax increase for 2026 is approximately 8%. Rent increases usually follow. Is this what the voters want, more of the same?
Jeff Paine
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