ALBANY, N.Y. - At a roundtable discussion Wednesday, Albany County Executive Dan McCoy, joined by Cohoes Assemblyman, and former mayor John McDonald, outlined the good and the bad in the new $143 billion state budget.
McCoy says the meeting will help Albany County residents determine how much they will have to pay in taxes each year. County officials have not been able to limit spending anywhere close to the 2 percent tax cap state legislation has set up, prompting McCoy to go over some of the factors driving spending, namely unfunded mandates.
The 43 mandates - or programs the state does not pay for, but requires counties to have in place - are a source of financial difficulty for McCoy, but the County Executive says he's pleased to see that no new unfunded mandates were in the budget.
The budget process recently concluded with the final votes taken by the State Assembly last week.
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Wednesday, April 16 2014 11:08 PM EDT2014-04-17 03:08:32 GMT
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