2026 Budget Review Meeting

Village of Ossining 2025 Budget Review Meeting Tuesday, November 11, 2025 @ 12:00 PM 16 Croton Ave, Board Room Ossining, New York Members of the public can view the meeting via computer or mobile app: https://us06web.zoom.us/j/86589049993 Members of the public can listen to the meeting by dialing in via phone: +1 929 205 6099 Webinar ID: 865 8904 9993 **Please note that by dialing in, your phone number will be visible to the host, participants, and attendees of the meeting.** 12:00pm - Overview: Tax Cap, Review of Revenues & Expenses, Capital Plan, Special 12:30pm Initiatives/ Costs 12:30pm- Assessor 1:30pm Presentation 11-11-25 v111025 1:30pm- Police 3:00pm 2026 OPD Budget Presentation 3:00pm- Fire 4:00pm 4:00pm- Finance 5:00pm 5:00pm - Board & Manager 6:00pm 2026 Budget Review Meeting November 11, 2025 Page 1 of 24  Assessor’s Report 2025 Final Assessment Roll 2025 Assessor’s Report 11/11/25 Page 2 of 24  2 Final Roll 2025 Presentation Topics: • 2025 Reappraisal Complete • Final Roll Totals - Change in Assessment 2024 to 2025 • Assessment Roll Equity • Village of Ossining Real Estate Market • Changes in Exemptions Page 3 of 24  3 Reappraisal Year – New Comps • 2025 Assessments relied less on uniform, neighborhood market trends and more on new comparable sales ➢ Taxpayer feedback was mixed, as many owners had become accustomed to trends 2021 - 2024 • Focus on controlling volatility in a year where individual assessment changes varied • Largest increases on the low to mid-range of value (flight to affordability) 2020 2022 2024 Reappraisal Trend Trend 2021 2023 2025 Trend Trend Reappraisal Page 4 of 24  4 2025 Final Roll Totals – Village of Ossining *Assessed Values from Final Roll – Subject to change as SCARs and Certs are settled Page 5 of 24  5 2025 Change in Assessed Value (+$178.8M) Average Assessment Change for Residential 8.2% • More variability in assessment changes during a reappraisal year Average Assessment Change for Commercial 2.3% • Fairly stable changes in value as office and retail have higher cap rates, less certainty, and interest rates are still high. Residential apartments are up some, modest growth. Property Type Parcels 2024 Total Final AV 2025 Total Final AV Change in AV Pct Chg Residential 3,683 1,926,572,300 2,067,828,500 141,256,200 7.3% Apartment Building 1,026 679,759,200 697,244,400 17,485,200 2.6% Commercial 288 267,679,600 273,488,600 5,809,000 2.2% Vacant Land 274 32,315,000 37,648,500 5,333,500 16.5% Community Svcs 102 431,365,200 431,903,500 538,300 0.1% Wild, Forest, Conser, Pub 35 28,380,200 28,581,800 201,600 0.7% Public Svcs 31 201,621,300 209,594,100 7,972,800 4.0% Recreation & Entertain 17 11,091,700 11,231,200 139,500 1.3% Industrial 5 10,746,400 10,806,500 60,100 0.6% Total 5,461 3,589,530,900 3,768,327,100 178,796,200 5.0% Page 6 of 24  6 2025 Sales Ratio Analysis NYS Standard – Compare Time Adjusted Sales to Assessed Values • To maintain 100% of Full Value, Ossining must have a Weighted Mean Sale Ratio between .95 and 1.05 with acceptable equity statistics • ORPTS runs an independent analysis – Town received preliminary results indicating a ratio within an acceptable range of 100% COD: The Coefficient of Dispersion (COD) provides insight on whether or not there is uniformity in the ratio distribution. Are homes that share similar physical, locational, and value characteristics being assessed similarly? • The 2025 COD for Ossining’s Assessment Roll was within NYS standards (under 10) PRD: The Price Related Differential (PRD) is a measure of uniformity between high- and low- value properties. Regressivity in an assessment roll exists when higher valued homes have lower assessment ratios than lower valued homes. • The 2025 PRD for Ossining’s Assessment Roll was within NYS standards (.98 to 1.03) Page 7 of 24  7 State of the Ossining Real Estate Market Village of Ossining – Sales Data • Signs of modest cooling in some parts of the market, just not as much as we had anticipated • Demand is strong and inventory remains low – See New Active Listings • Average Sale Price remains above $600k in the Village of Ossining Page 8 of 24 *2025 OneKey Multiple Listing Service, Inc. Accessed October 2025  8 State of the Ossining Real Estate Market Village of Ossining – Sales Data • Days on Market also demonstrates demand, although flattening out Page 9 of 24 *2025 OneKey Multiple Listing Service, Inc. Accessed October 2025  9 2025 Final Roll Exempt – Village of Ossining Page 10 of 24  10 Exemption Administration Renewal and First-Time Applications • A record number of senior citizens applying and receiving the Aged exemption benefit (~300 homeowners in Village of Ossining) • Not-for-profit, Clergy, and Veteran Exemption applications remain steady. Volunteer Firefighter/Ambulance slight increase. New in 2025 • New York State - Enhanced STAR has been simplified with NYS taking over more of the program. Seniors will no longer apply for Enhanced STAR through the Assessor’s Office. NYS will contact eligible owners. • Starting in 2026 only the owner residents’ income will be considered, not all owners as was the historical standard Page 11 of 24  11 Assessor’s Office – More Information Don’t wait to engage with our office • Review the website for more information about your assessed value and property records • Speak with us about exemptions you may be qualified for • Assessment is a conversation and value can be discussed prior to the publication of the Assessment Roll Page 12 of 24  Securing the Ossining Community: Ossining Police Department 2026 Budget Page 13 of 24  A LOOK BACK AT 2025 • Expanded communication through countywide radio system connectivity for every OPD officer • Expanded LPR System to locate dangerous offenders and vulnerable residents • Advanced armor plates to keep our officers safe • Updated radar and laser units to keep our roads safe • Computer upgrades to maintain cybersecurity • Advanced training in active shooter response, defensive tactics, lifesaving aid, and numerous other areas Page 14 of 24  A LOOK BACK AT 2025 • 68 arrests resulted from the use of LPR & County-Wide Communications Systems (11.7%) • 5,989 summonses (average of 16 per day), many utilizing speed lasers and radar • A traditional ‘Defensive Tactics’ program, coupled with modern Jiu-Jitsu elements, is being developed to minimize violence during response to resistance. Page 15 of 24  FOCUS IN 2026 BUDGET • Continue maintenance of fleet • Stay current with police technology Page 16 of 24  NOTE: STAFFING • OPD is below staffing level recommended by DOJ, FBI, and IACP • Working with Village Manager, with the support of the Board of Trustees, toward a long-term plan to resolve staffing deficits Page 17 of 24  NOTE: LESS-LETHAL TECH • OPD is working to make Taser 10 technology available to our officers, doubling their effective range and substantially increasing effectiveness Page 18 of 24  FLEET • 2 Marked Police Cars • 1 Unmarked Police Car Page 19 of 24  POLICE TECHNOLOGY • Lexipol • MIDL • Cybersecurity Compliance Update Page 20 of 24  LEXIPOL • Policy Management and Maintenance Platform • Policy developed by legal and public safety experts, kept current with legal changes and current best practices • Tracking of policy acknowledgment and training completion • Mobile policy app provides in-the-field guidance in-line with current policy Page 21 of 24  MIDL • Real-time intelligence platform • Leverages existing unmanaged data resources • Can be utilized with live data for emergency response or stored data for investigative cultivation • Expandable for future projects and municipal/private partnerships Page 22 of 24  CYBERSECURITY • Update camera hardware at OPD HQ to prevent a potential data breach • Equipment installed by a vendor now listed as vulnerable Page 23 of 24 Page 24 of 24