Finance Local News

Clock Ticking But Schenectady 2024 Budget Still Not Approved

Clock Ticking But Schenectady 2024 Budget Still Not Approved

Schenectady, New York: The Schenectady City Council meeting on Monday night proceeded as usual and was over in thirty minutes.

The year is about to end and the city council has not approved the budget for the coming year.

As per the municipal code, the mayor is required to submit a proposed budget for the next year by October 1st, and by November 1st the preceding year.

Rather than accepting the mayor’s proposal to increase sewer fees for residents, Councilman John Mootooveren suggested in October to allocate an additional $2.5 million in funds from the American Rescue Plan Act to help cover the city’s sewer fund deficit.

However, Mayor McCarthy vetoed the proposal, saying that taxes could not be reduced with the money and pointing out that municipal fees.

After slashing $1.1 million from McCarthy’s initial budget proposal, the council suggested reimbursing $333,000 in overtime funding for the police and fire departments to support first responders. It has now been forty days and there’s still no word on how the city will be impacted on January 1st by the delay.

Media outlets asked several questions when the council members exited the meeting. Mayor Gary McCarthy did not give any response. City Council President Marion Porterfield also refrained from commenting on the delay in the budget proposal.

Residents of the city are also concerned how this delay will impact the overall business of the city.

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