2022 Albany County Executive Budget highlights | WNYT.com

2022 Albany County Executive Budget highlights

WNYT-TV
Updated: October 12, 2021 04:24 PM
Created: October 12, 2021 04:24 PM

Executive Budget 2022 Highlights:

  • Executive Budget stays under the state mandated tax cap for the 9th straight year and does not increase the tax rate.
  • The 4th year in a row the average property owner will see their tax rate decrease slightly.
  • 5th year in a row the State Comptroller has placed Albany County in a category of “No Designation of Fiscal Stress”
  • Balanced budget is $753 million which is a 4.75% increase from last year’s adopted budget of $719.3 million.
  • The average $200,000 house would see about a $6 decrease in their taxes.
  • The tax rate has decreased each year over the last several years. Albany County tax rate per $1,000 of equalized assessed value has gone down from $3.95 to $3.45 since 2014.
  • No layoffs or cuts in programs or services and during both a global health crisis and an economic crisis.
  • No use of budget gimmicks.
  • How has this been achieved? Since 2012, diligent work on paying down debts while also adding money to reserves.
  • This year, Albany County received $29 million in federal stimulus money and used 27 ½ million to make up for lost revenues and increased expenses to help us go into 2022.
  • Last year, we offered an Employee Separation Payout netted 72 employees approved to separate employment saving Albany County about $5 million in salaries and benefits. Savings will continue into 2022.
  • Streamlining and rightsizing with the Comprehensive Workforce Development Plan to yield employee retention, equity and career progression.
  • Part of that plan involves employee incentives with improved longevity pay and medical, dental and vision plans.
  • This budget includes 2% raises for non-union workers.
  • Priorities- Economic Development with $250,000 investment in the Advance Albany County Alliance (LDC), and another $250,000 investment in the Albany County Land Bank (for a total of $3.5 million since inception) and 4th year of increased funding under the statewide implementation of Hurrell-Harring indigent legal defense reform championed by the County Executive.
  • Reminder- Approximately 80% of the total budget is mandated… the majority of which is unfunded… 60% from state and federal mandates and another 20% from local laws, resolutions or the charter.


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