Albany mayor: State property values behind increased state funding request
Albany Mayor Kathy Sheehan presented the city’s 2022 budget last week.
In years past, the city has asked for $12.5 million from the state. This year, that number has inflated to $15 million.
NewsChannel 13 caught up with the mayor on Monday to ask why that number has gone up.
"Over that period of time, you know, the amount and the value of state property in the city has increased. We always sort of measure that based on looking at sort of what’s the value of 1% of the state’s property outside of the Empire State Plaza. And so, that number is now $15 million," said the mayor.
Sheehan says Albany is bearing the burden of the non-taxable property in the city.