Schenectady's mayor presented his spending plan Tuesday for the 2014 budget cycle. Erin Vannella was there and has the details.
SCHENECTADY, N.Y. -- Schenectady's mayor presented his spending plan Tuesday for the 2014 budget cycle. Under Mayor Gary McCarthy's plan, spending in the Electric City would go up 1.97 percent. Taxes would also go up for homeowners by 1.1 percent.
Mayor McCarthy says the tax hike comes from the city's increased spending to maintain distressed properties. Those distressed properties, the mayor says, have brought down the assessed value of the city.
The spending plan also includes increases for police, fire and other city departments.
"I want to be able to maintain the level of service. I want to continue to deliver a product here that encourages people to come here for opportunities to invest. It is unfortunate because of distressed property, our overall costs is going up and a slight increase in this budget," McCarthy said.
McCarthy also mentioned staffing cuts in his budget, but they are mostly for positions that are already vacant.