TROY, N.Y. (NEWS10) – What Troy city councilors have called a long and difficult budget process has come to an end.
The Troy City Council passed the budget in an eight to one vote Tuesday night.
The budget includes a property tax hike of 4.62 percent, which is down from the 9.3 percent hike that was initially proposed and subsequently shot down.
The budget discussion went on for hours. There was mention of cutting up to 12 city positions. But the council could only agree on cutting the Director of Recreation position, which saved taxpayers another $71,000. Then the budget was passed.
Jim Gordon was the only council member who voted ‘no’ on the budget.
As a result of the new budget, if you live in a home valued at $150,000, it will mean paying a little less than $7 more per month in property tax.