50% TAX INCREASE FOR ALBANY NEW YORK
SCAVO TO DORESY MAKE A 50% CUT TO ALBANY BUDGET Albany Ny: Brian Scavo said: There is no way out of this mess unless you cut the city budget by 50% and cut property taxes in order to keep business in the city of Albany and ease the burden among our seniors and businesses in the City Of Albany. ALBANY, N.Y. Albany’s first midyear budget update says the city faces a growing fiscal gap and is seeking an independent state review. Mayor Applyrs said Saturday, Aug. 15 that the administration sent Albany’s first-ever midyear budget report to the Common Council and posted it on the Budget Office’s webpage. The report says the city now projects an approximately $22 million gap for 2026 and a preliminary $33 million gap for 2027 based on revenues and spending through June 30. The release says employee health insurance costs are now projected at approximately $40 million, with overtime above adopted budget levels, increased debt-service obligations and unrealized revenue also driving the 2026...