ALBANY, N.Y. (NEWS10) – The proposed 2017 Albany City Budget was unveiled at city hall on Monday.
“We know that the city faces significant financial challenges,” Mayor Kathy Sheehan said. “We have to reduce that tax burden. We have to reduce our expenses to the best of our ability, and we’ve got to do that by being more creative and working together better with other municipalities. Working together across the board here in the city.”
“We have really looked at deficiencies, cost saving opportunities, and we are trying to turn the corner to get us to a more sustainable, balanced budget,” she said.
“The levy is going to go up by a little over $1 million, but that’s because we’ve increased the property tax base,” Sheehan explained. “The property in the city is worth more, and so that’s going to keep rates steady.”
“What we are seeing, and what I’m pleased we are seeing, is a reduction in accidents,” she said. “In the intersections where we have red light cameras, we’re seeing more compliance.”
Mayor Sheehan says the budget has one of the largest spending cuts in the last 15 years.