News & Updates

 

All news

County Executive Releases Budget

Posted: Wednesday, October 10, 2018 11:45 AM

Budget Once Again Invests in Residents While Maintaining Fiscal Responsibility for Sixth Consecutive Year

Albany County Executive Daniel P. McCoy Releases his 2019 Budget
[October 10, 2018]

Albany County Executive Daniel P. McCoy presented his Executive Budget for 2019 that maintains critical services that residents throughout Albany County rely on while keeping taxes flat and spending below the state property tax cap.

"I am proud to once again present the people of Albany County with the accountable governance and sound fiscal policies that they deserve without sacrificing our commitment to lifting up those in need throughout our communities," said County Executive McCoy. 

"This year's budget continues the mission of County government – serving our children, our seniors, our veterans and those struggling with the challenges of poverty, illness and addiction – and will continue the incredible progress we are making throughout the region."

This is the sixth consecutive year that County Executive McCoy has held the line on tax increases, continuing his efforts to make Albany County a more affordable place to live, work and raise a family. Not only does the 2019 Executive Budget maintain all programs and services being provided currently – 80% of which are mandates from the state and federal governments as well as local laws, resolutions and the Charter- it also does not dip into any general fund reserves, which will have more than doubled from $30.6 million in 2011 to over $60 million in 2019.

Having found greater efficiency in operations through upgrades and renovations, and reduced utility and transportation expenses through renewable energy improvements and electric vehicles, this year's $711.1 million budget once again invests in programs that improve lives and preserve quality of life. The Albany County Land Bank will receive an additional $250,000, which is one of the most successful land banks in the state that has transformed more than 300 blighted properties into affordable homes local residents can be proud of and put them back onto the tax rolls. This will bring the total funding it has received from the County over the last six years to $2.25 million and the total assessed value of tax-foreclosed real property to $17.6 million since the land bank was created.

Other investments include a revamped comprehensive shared services plan that will further reduce costs to taxpayers in 2019 through the sharing of equipment between the County and its localities, a healthcare consortium that will maintain benefits while driving down expenses as well as energy efficiency initiatives and others.

This year's budget also invests in important criminal justice reforms that will be reimbursed by the State. The continued implementation of Raise the Age and Indigent Legal Services will cost $8 million and $1.75 million, respectively, and will ensure our system of justice is more fair and does not punish 16- and 17-year olds as adults.

You can view the budget here. [PDF, 8Mb]


Facebook Twitter DZone It! Digg It! StumbleUpon Technorati Del.icio.us NewsVine Reddit Blinklist Add diigo bookmark

Albany County ExecutiveDaniel P. McCoy