CORNING, N.Y. (WENY) -- The Corning City Budget for the new fiscal year was officially passed Monday night during the city council meeting. 

The newly approved $16.9 million dollar budget calls for a 1.555% property tax increase -- which is below the state tax cap. General taxes will not increase, and there will be no increase to water or sewer rates as well.

The budget includes $100,000 for street paving, and $20,000 for park maintenance and upkeep.

When asked about the property tax increase, Mayor Bill Boland explained, "Inflation is roughly two and a half percent, so this is below inflation, we're making great strides in keeping property taxes low."

Mayor Boland also said under the new budget, there will be no reduction to the city's full time work force.