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County Executive McCoy Releases 2020 Executive Budget

Posted: Wednesday, October 9, 2019 2:13 PM

Builds on Fiscal Responsibility & Innovative Programs for Seventh Consecutive Year

Albany County Executive Daniel P. McCoy today presented his Executive Budget for 2020 that maintains critical services that residents throughout Albany County rely on, including children, seniors and veterans, while once again keeping taxes flat and spending below the state-mandated property tax cap.

"Before I took office, tax hikes, short term borrowing and budget gimmicks were the norm keeping county government afloat. Since then we've turned a corner, and for seven years we've kept taxes flat, spending under the tax cap and our fund balance has grown to historic levels, giving residents a level of peace of mind amid signs of a slowing global and national economy," said County Executive McCoy.

"While we make Albany County a more affordable place to live and work for our families, this budget will allow us to continue the progress being made on the serious challenges they face each day. Those include blight and divestment in underserved communities, social and criminal justice issues, the upcoming 2020 Census, continued economic growth in the region and so much more," continued McCoy. 

The budget, totaling $732.9 million, is the seventh consecutive year that County Executive McCoy has held the line on tax increases and the second year in which the average property owner will see a decrease in their tax rate. Not only are all current programs and services being maintained – about 60% of which are federally or state mandated – general fund reserves remain untouched and will have doubled from approximately $30 million in 2011 to over $60 million in 2020. Additionally, for the fourth year in a row, the State Comptroller has placed Albany County into a category of "no designation" for fiscal stress. 

The 2020 Executive Budget includes funding for a number of initiatives announced by the County Executive during his State of the County earlier this year. In order to implement his vision for "Zero Youth Detention," $250,000 will be allocated for the rehabilitation of young offenders and help them avoid jail time. The continued partnership between Albany County and the highly respected Camoin Associates creating a regional economic development strategy will receive $100,000, and the specific recommendations for which will be released in the coming weeks. 

With the 2020 Census fast approaching in April, this year's Budget includes $25,000 to assist local governments throughout the County conduct a complete count of all residents, which will decide the fate of over $900 billion in federal funding that go towards children's health insurance, Medicaid, SNAP and more. 

This is the second year of the statewide implementation of the Hurrell-Harring indigent legal defense reforms that County Executive McCoy fought for at the state level. An additional $3.5 million will fund 30 new positions, including those in the Public Defender, Alternative Public Defender and 18-B Departments.

In order to continue addressing blight, the Albany County Land Bank will receive another $250,000 this year, totaling $2.5 million in direct support along with $331,000 in forgiven revenue since it was originally formed in 2014. The Land Bank, cited as one of the most successful in the entire state, has enabled more than 445 properties to return to the tax rolls and totaling $26.1 million in assessed value of tax-foreclosed real property.

The full 2020 Executive Budget can be found on the Albany County website here.

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Albany County ExecutiveDaniel P. McCoy