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Proposed Schenectady city budget has small tax hike

Schenectady Mayor Gary McCarthy discusses his newly released 2014 city budget at Schenectady City Hall on Tuesday,
Photographer: Kayla Galway
Schenectady Mayor Gary McCarthy discusses his newly released 2014 city budget at Schenectady City Hall on Tuesday,
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Taxes and fees are going up, but borrowing is going way down in the mayor’s proposed 2014 budget. Schenectady will pay cash for two police cars, two fire vehicles, and for sewer and water repairs. Until now, the city has generally borrowed money for those items. Mayor Gary McCarthy said the city needed to start “minimizing our borrowing,” particularly since interest rates are projected to rise. “We have the opportunity to slowly wean ourselves off,” ...


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