The Daily Gazette
The Locally Owned Voice Of The Capital Region

Auditors: City built deficits into budgets for 3 years

Text Size: A | A

The city has built a structural deficit into its budgets for three years, independent auditors said Monday when they presented the 2011 audit to the City Council. In 2010, the city used a budget that was intended to spend more than it received in revenues. City officials planned to cover the shortfall with savings, but auditor Jim Cusack said it was still a deficit. City officials did not make the audit available publicly last year. ...

You Must or Subscribe to Continue
subscribe to the Daily Gazette
Individual stories can be found and purchased from our Archives for $2.00

Enjoy this story? Share it!



May 15, 2012
6:11 a.m.

[ Flag Post ]

Mr. McCarthy,

You need to understand that residents are not paying their taxes because most cant afford them ! Especially relative to the value of the home. Put a real property tax cap of 1% of the value of each home or a combined 2% cap including school taxes. Balance the budget by instituting a small tax on all the non-profits that are not currently conributing anything while reaping all the benefits, immediately stop all overtime and stop the accumulation of sick and vacation time . sick and vacation time should only be available and used in any given year- not carried over and expensed to us, because we have already paid for this time in the form of salaries. Public employees should not be allowed to double dip- use it or lose it. And immediately stop all public employees from taking any city owned vehicle home- Cut the fleet and require employees to share and sign out cars during work hours as needed. Stop all the bloated perks !!

May 15, 2012
7:37 a.m.

[ Flag Post ]

Nice job McCarthy...Sounds like ToniJean should be running the city.

May 15, 2012
8:19 a.m.

[ Flag Post ]

McCarthy seems to have hidden all this information prior to last years election. Would he be Mayor today if the voters or Schenectady had the real accounting of his record?