zhi
Region: US
Tuesday 10 November 2026 00:46:43 GMT
4674
524
28
88
Music
Download
Comments
D14M0NDz🇵🇸 :
How ya feeling about the mayor? I’m curious.
2026-11-10 05:14:04
2
ThaPinkRULES 🫶🏿🩷 :
The City of Albany is not bankrupt or out of money, but it is currently navigating a severe financial crisis. New York State regulators designated Albany as being under "significant fiscal stress," ranking it as the second most financially stressed municipality in the state. The primary factors driving Albany's fiscal challenges include: 1. Growing Budget Deficits The city faces a substantial structural deficit, with projections pointing toward an operating deficit of approximately $26 million. State auditors found that recent municipal budgets relied on overly optimistic revenue estimates (such as unreceived federal grants and lower-than-projected sales tax) while underestimating mandatory costs like police overtime and retiree healthcare benefits. 2. Credit Rating Downgrade S&P Global Ratings lowered Albany’s General Obligation debt rating from A+ to A with a Negative Outlook. While an "A" rating is still considered investment-grade, the downgrade reflects depleted reserve funds and reduced financial flexibility. A negative outlook signals that further downgrades could follow if the city does not balance its budget. 3. Structural & Tax-Base Constraints A core issue for Albany’s long-term finances is its tax base. Because Albany is the state capital, roughly 60% of the property in the city is tax-exempt (consisting of state-owned office buildings, universities, and hospitals). This limits the local property tax revenue the city can collect to cover operating costs, forcing city leaders to rely heavily on annual State Capital City Aid (around $20 million annually) to fill the gap. What City Officials Are Doing City leadership has brought in municipal finance experts to help restructure the budget, adjust revenue projections, and implement spending controls to stabilize cash reserves before the next fiscal cycle.
2026-11-10 02:16:57
0
Roflmywaffle :
What we get for having over %80 of the properties in Albany area tax exempt.
2026-11-10 08:06:56
0
Nay 🦋 :
Sell them flock cameras lmao
2026-11-10 05:24:15
18
SeaGlass_Unboxing2 :
Oh, I blame Kathy 😳
2026-11-10 10:45:02
1
Amy P :
So many unanswered questions on where all that tax money, fees collected etc- has gone… outrageous
2026-11-10 01:49:49
20
Mr. Minority :
We lowkey need to fire advisory staff. Keep essential personnel only
2026-11-10 01:24:49
38
ci :
Seeing this after starting my county job a week ago
2026-11-10 01:54:54
10
LostInAlbany :
maybe we shouldn't give out so many tax breaks when we already have a city FULL of non taxable properties?
2026-11-10 02:03:58
6
g 🌀 :
we need to change the renting system, ive gotten kicked out numerous times and became homeless “because they sold the place”, and its happening again, thats bullshit and im tired of this
2026-11-10 05:53:42
1
Vybez681 :
how is a city broke?
2026-11-10 03:18:31
4
Kev :
We’re spending all our money on a million Starbucks and Chipotle’s
2026-11-10 01:58:33
2
Geminiwithtwins :
Damn it’s that bad
2026-11-10 01:10:24
4
Time To Get Back Up :
Also, the presence of the data center, the noise pollution from it is gonna drive people away. The presence of the data center is going to ultimately lose the city of Albany even more money in the long run.
2026-11-10 04:16:54
0
Alberto Alfonso Ramos ps2028 :
I’m forgiving that dote 40 milion to it
2026-11-10 02:27:50
0
Nangee :
Exactly!!!!
2026-11-10 04:19:56
0
iliana :
Yup
2026-11-10 01:15:41
1
user4334823125477 :
Ask why ?? Because democrat mayors and governors have broke the city and state. But keep voting them in. No paper trails to the cities budgets and over spending?
2026-11-10 01:36:07
3
best kept secret :
governor steeling
2026-11-10 10:10:02
0
Jeff :
Gross Mismanagement!
2026-11-10 02:00:31
0
Ric orlando :
👍
2026-11-10 01:52:03
0
To see more videos from user @zhi.ll, please go to the Tikwm
homepage.
