Soaring Taxes Are the Undeniable Evidence of Greenburgh's Fiscal Crisis
- barryforgreenburgh
- Jun 16
- 2 min read
Barry McGoey for Greenburgh Town Supervisor | 6/16/26
(Greenburgh, NY) — Barry McGoey, Democratic candidate for Greenburgh Town Supervisor, today said the steep property tax increases facing Greenburgh residents over the next six years are undeniable evidence of the Town’s financial crisis and a direct consequence of years of fiscal mismanagement.
“Greenburgh families are being asked to pay dramatically higher taxes because of a $100 million financial shortfall,” McGoey said. “That is the issue taxpayers care about most—not bond ratings.”
The January 2026 forensic report by EFPR Group, CPAs identified serious deficiencies in Greenburgh’s financial and operational oversight and documented an approximately $100 million shortfall. As a result, the Town-wide tax rate increased by 10% in 2026 and is projected to rise by an additional 6.46% in 2027, 10.41% in 2028, 9.99% in 2029, 9.53% in 2030, and 9.30% in 2031.1
McGoey rejected efforts by 17-term incumbent Supervisor Paul Feiner to use Greenburgh’s Aaa bond rating from Moody’s as proof that the Town’s finances are healthy.
“Moody’s evaluated whether Greenburgh can meet its debt obligations,“ McGoey said. “The EFPR report examined whether Town finances are being managed responsibly. Those are entirely different questions.”
According to McGoey, Greenburgh’s strong bond rating does not negate the forensic report’s findings. Rather, it reflects the Town’s ability to generate the revenue needed to pay its debts—including through higher property taxes—despite decades of uncollected taxes and other issues of fiscal mismanagement.
“A bond rating is not a report card on fiscal health, and the Town’s tax increases prove it,” McGoey said. “Mr. Feiner may want to consider how tone-deaf it sounds to celebrate a bond rating while residents are being forced to underwrite his $100 million deficit.”
“The real issue facing Greenburgh families is affordability,” McGoey added. “Rising taxes are the clearest evidence that something has gone seriously wrong with the Town’s finances.”
Barry McGoey is the Democratic Party-endorsed candidate for Greenburgh Town Supervisor and is challenging incumbent Paul Feiner in the June 23 Democratic primary election.
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