Additionally, I will propose in next year's budget to correct the State aid payment schedule that has contributed to the city's cash flow problem for 20 years. We must pledge to local governments throughout New York that the State's help will be there in good times as well as in bad times. Today's actions represent great news for all taxpayers and residents in Yonkers. Now the City of Yonkers will control it's own destiny. State Comptroller Carl H. McCall represented by designee Richard Luke, Yonkers Mayor John D. Spencer, Joseph E. Sayegh, James P. Ciliberti, John P. Cahill and John Jacono.
Board members receive no compensation.