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Cohoes, N.Y. - Mayor Morse submitted his third annual budget to
the City of Cohoes Board of Managers by the deadline as outlined in the City
Charter. Morse said, “Understanding all too well, communities across the
country are facing difficult times. With growing debt and dwindling revenues,
many are on the verge of collapse. Sadly, we have seen communities
cutting vital services, laying off employees, and raising property taxes to
unexceptional levels. With that said, it is with great excitement that I
present board members and members of the community with this budget that
reflects none of these burdens.”
Highlighting the 2019 budget, Morse calls for a ZERO percent tax increase in both property tax and the water and sewer fees as well as coming in under the 2% property tax cap. There will be no layoffs or reductions in services, using $25,000 less in the city fund balance than anticipated, reducing the city’s dependence on its safety reserves. Spending in 2019 is projected to be flat, leaving the Mayor confident that the city will come under budget again for the third year in a row.
Despite out of control health cost, union raises, and a slight increase in our tax levy, Morse said, “Cohoes is on solid ground, and we all should be Cohoes Proud.” Our recent
fiscal stress report from the State Comptroller’s Office have rated us at a
fiscal stress level of 5 which is a decrease in over 15 points the previous two
years which places us in the lowest category of No Designation. This
rating from the State Comptroller is a testament to our hard work and
commitment to the citizens of Cohoes.