Troy Mayor Patrick Madden releases proposed 2019 budget

city of troy_364912

Mayor Patrick Madden presented the City of Troy’s proposed 2019 budget. The Mayor says it is a financially sound proposal which supports the continued growth and revitalization of the Collar City. There is a proposed property tax increase of 1.402%, with a monthly increase of $2.44 based on assessed value of $150,000. There is also a proposed $4 a year increase to the current $160 trash removal fee. The proposed budget plan remains under the state-mandated tax cap for 2019, preserves necessary staffing levels and includes no layoffs.

The current administration looks to focus on these key issues:

Restructuring of department-level operations – The 2019 budget proposal maintains existing staffing levels in all departments. Troy’s progress has been hampered for over a decade due to reductions in workforce size to achieve arbitrary budget reductions. The administration has restructured City operations to better deploy staff and resources to address the quality of life issues facing our neighborhoods. The budget adds needed seasonal employment opportunities within the Department of Public Works and Parks & Recreation to assist with maintenance of public spaces for Troy residents and families.

Accounting for labor increases and debt obligations – The 2019 combined budget projects an increase in expenditures of $3.1M. Half of this increase is attributed to debt payments, including Municipal Assistance Corporation (MAC) debt payments, and debt owed to the NYS Retirement Fund. The administration has implemented policies to discontinue the deferment of operating expenses to future years. The administration has demonstrated a commitment to provide benefits and fair compensation to employees which also account for the financial challenges currently facing the City. Through the cooperation of the City’s labor unions – who recognized the City’s current financial condition agreed to limit retroactive raises – the administration negotiated settlements which had been expired for many years. Salary increases negotiated for 2018 are reflected in the 2019 proposed budget.

Implementing a comprehensive program for solid waste management & recycling – The budget plan implements the creation of a separate “sanitation/garbage fund” to account for all revenue and expenses related to solid waste management in the City of Troy. In accordance with recommendations outlined in the City’s draft Solid Waste Management Plan, the budget also implements an extension of the $160 annual solid waste management fee with an increase of $4 per unit per year. Unforeseen shifts in the global recycling marketplace have caused significant changes in domestic recycling programs, reducing available markets for recyclable materials and posing new challenges for financially-strapped communities across New York. While the City of Troy is currently insulated from these changes, the administration is working to expand various recycling opportunities to reduce costs, increase data collection, and ensure an equitable allocation of costs based on usage. The administration is presenting legislation to update City Code to implement changes in City operations to achieve these objectives.

Continued growth of the City’s reserves – Between 2006 and 2015, the City’s financial reserves decreased from $9 million to $2 million, a total loss of over $7 million in tax revenue over the same period. This loss created a structural deficit which threatened the City’s financial standing. In 2016, the administration took swift action to stabilize the Troy’s overall financial health through difficult, but necessary increases in property assessment revenues. These decisions have yielded significant benefits for the City, resulting in the reduction of Troy’s fiscal stress score by the Office of the State Comptroller, and an upgrade of the City’s credit outlook from “negative” to “positive” by Moody’s Investors Services. The 2019 budget proposal continues to modestly increase budget reserves to achieve recommended levels of savings which strengthens the City’s ability to address possible future emergency expenses

Investment in City assets and infrastructure – The 2019 budget proposal includes a responsible Capital Plan, part of the administration’s proactive approach to asset management. The Capital Plan outlines planned investments to stabilize the City’s municipal vehicle fleet, plan for the future of our municipal recreational facilities, and reduce expenses through grant funding to implement new technologies. This approach will improve delivery of City services, increase efficiencies within City operations, and enhance public amenities in the short- and long-term.

City Council President Carmella Mantello responding to the budget proposal saying in part, “I continue to be concerned that the trend of this administration continues to be put on the backs of the taxpayers. This has been done through a 2017 14.5 percent tax increase which taxpayers are paying every year and a 2018 newly imposed garbage fee of $160. Once again, for 2019 property taxes and the garbage fee are proposed to increase.”

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Download our news app

App Store Link
Google Play Link

Click Below to set up your cable box

Latest COVID-19 News

More COVID-19

Cuomo Under Fire News

More Cuomo Under Fire