Mayor Carmella R. Mantello on Friday issued a proposed 2026 budget for the City of Troy.
The $122 million dollar budget, says the mayor, "preserves Troy’s strong credit standing and remains well below the state tax cap with a 2.29% tax rate expansion ... an average monthly increase of $4.64 for a home assessed at $150,000."
Among highlights of the proposal that still needs to go through the review and approval processes:
• A $25 reduction in the annual per-unit garbage fee, from $254 to $229 in 2026. Mantello calls it "the first step in a phased effort to roll back what was once a 'temporary' tax on residents."• One free annual at-home bulk trash pickup service and the continuation of the quarterly free bulk drop-off events at the Alamo.• Investments in the City's police and fire departments -- expanding walking beats, upgrading facilities, and enhancing training and technology.
• A new $16 million firehouse in Lansingburgh, the addition of a 24-hour ambulance service, and raising the total firefighting force by four members to improve emergency response and coverage for all neighborhoods.• Upgrades at Prospect Park, Kinloch Park, Frear Park, and Knickerbacker Park.• A dedicated Pothole Response Crew for real-time street repairs citywide and the installation of new traffic calming measures.• A dedicated Litter Response Team to work on daily neighborhood cleanups.
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