Finance, Assessment and Taxation Committee

COMMON COUNCIL MEETING FINANCE, ASSESSMENT AND TAXATION Sonia Frederick, Chair LOCATION: Council Chambers-2nd Floor, City Hall TOPIC OF DISCUSSION: The City of Albany 2026 Fiscal Year Budget Public Comment Period: Yes WEEK OF OCTOBER 12 • Tuesday (10/14), 5:30 PM o Presentation by Treasurer Darius Shahinfar o Budget Office and Department of Administrative Services Budget Presentation o Q and A on the Proposed Budget WEEK OF OCTOBER 19 • *Monday (10/20), 7:00 PM* o Regular Common Council Meeting ▪ Public Hearing on the City of Albany 2026 Proposed Budget • Tuesday (10/21), 5:30 PM o Department of Neighborhood and Community Services Budget Presentations ▪ Department of Community Services ▪ Department of Planning and Development ▪ Department of Buildings and Regulatory Compliance ▪ Albany Community Development Agency o Ordinance 13.81.25 AN ORDINANCE AMENDING ORDINANCE NUMBER 46.102.23, WHICH AUTHORIZED CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $600,000 AND AUTHORIZED THE LEASE FINANCING OR THE ISSUANCE OF $600,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS –  FUEL STORAGE & DISTRIBUTION SYSTEM) BY INCREASING SUCH AUTHORIZATION TO $800,000 o Ordinance 22.92.25 AN ORDINANCE AUTHORIZING THE SALE OF 27 ALEXANDER STREET (TAX MAP PARCEL NO. 76.65-1-62) TO ROSEMARY QUISPE o Resolution 121.101.25R A RESOLUTION OF THE COMMON COUNCIL AUTHORIZING A PUBLIC HEARING REGARDING ACQUISITION BY EMINENT DOMAIN OF 502, 504, & 506 RAPP ROAD • Thursday (10/23), 5:30 PM o Department of Recreation Budget Presentation o Youth and Workforce Services Budget Presentation o Community Police Review Board Presentation o Ordinance 55.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $135,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $135,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – COURT RESURFACING) o Ordinance 56.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $100,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $100,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – MAINTENANCE EQUIPMENT) o Ordinance 57.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $250,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $250,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – PLAYGROUNDS) o Ordinance 58.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $200,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $200,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – SPRAY PADS) WEEK OF OCTOBER 26 • Monday (10/27), 5:30 PM o Department of Fire and Emergency Services Budget Presentation o Albany Police Department Budget Presentation o Ordinance 28.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,913,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,913,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (POLICE – PUBLIC SAFETY IT SYSTEMS) o Ordinance 29.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $400,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $400,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (POLICE – POLICE STATION INFRASTRUCTURE IMPROVEMENTS)  o Ordinance 30.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $2,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $2,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (POLICE – VEHICLES & EQUIPMENT REPLACEMENT) o Ordinance 31.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (FIRE & EMERGENCY SERVICES – FIRE APPARATUS) o Ordinance 32.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $400,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $400,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (FIRE & EMERGENCY SERVICES – FIRE STATION INFRASTRUCTURE IMPROVEMENTS) • Thursday (10/30), 5:30 PM o Albany Water Department Budget Presentation o Department of General Services Budget Presentation o Department of Engineering Budget Presentation o Local Law D of 2025 A LOCAL LAW AMENDING THE CURBSIDE WASTE COLLECTION FEE o Ordinance 33.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $250,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $250,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – MAINTENANCE EQUIPMENT) o Ordinance 34.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $400,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $400,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – ROADWAY STRIPING) o Ordinance 35.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $300,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $300,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – TRAFFIC SAFETY EQUIPMENT) o Ordinance 36.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – TRAFFIC SIGNAL IMPROVEMENTS) o Ordinance 37.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – TRAFFIC SPEED REDUCTION) o Ordinance 38.101.25  AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $100,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $100,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – TRAFFIC STUDIES) o Ordinance 39.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $4,500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $4,500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – RENOVATIONS TO CITY BUILDINGS) o Ordinance 40.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $330,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $55,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – CLIMATE SMART COMMUNITY PLANNING) o Ordinance 41.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – ADA COMPLIANCE) o Ordinance 42.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $650,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $650,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – SIDEWALK RECONSTRUCTION) o Ordinance 43.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $14,468,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $5,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – STREET RECONSTRUCTION) o Ordinance 44.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $650,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $650,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – STREETLIGHTS CAPITAL IMPROVEMENTS) o Ordinance 45.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $7,732,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $6,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – WASHINGTON PARK TRAFFIC RECONFIGURATION) o Ordinance 46.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (GENERAL SERVICES – CAPITAL HILLS REHABILITATIONS & IMPROVEMENTS) o Ordinance 47.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (GENERAL SERVICES – AUTOMATED PUBLIC RESTROOMS)  o Ordinance 48.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (GENERAL SERVICES – CITY-WIDE IRRIGATION SYSTEMS) o Ordinance 49.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (GENERAL SERVICES – RIDGEFIELD PARK RESTROOM REHABILITATION) o Ordinance 50.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $250,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $250,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (GENERAL SERVICES – SECURITY FENCE INSTALLATION) o Ordinance 51.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $300,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $300,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (GENERAL SERVICES – STORAGE STRUCTURES) o Ordinance 52.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $2,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $2,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (GENERAL SERVICES – STREET & SIDEWALK RESURFACING) o Ordinance 53.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $250,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $250,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (GENERAL SERVICES – STREETSCAPE & PARK FIXTURES) o Ordinance 54.101.25 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $250,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $62,500 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (NEIGHBORHOOD SERVICES – LINCOLN PARK CONNECTOR) WEEK OF NOVEMBER 2 • *Monday (11/3), 7:00 PM* o Regular Common Council Meeting • Wednesday (11/5), 5:30 PM o Budget discussion and possible vote on recommendations • Thursday (11/6), 5:30 PM o Budget discussion and possible vote on recommendations WEEK OF NOVEMBER 9 • Monday (11/10), 5:30 PM o Mayor’s Office Presentation o Corporation Counsel Presentation o Budget discussion and possible vote on recommendations o Local Law C of 2025 A LOCAL LAW AMENDING SECTION 42-263 (ANNUAL SALARIES; ELECTIVE OFFICERS) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO THE SALARIES OF ELECTIVE OFFICERS • Thursday (11/13), 5:30 PM o Budget discussion and possible vote on recommendations WEEK OF NOVEMBER 16 • *Monday (11/17), 7:00 PM* o Regular Common Council Meeting ▪ Public Hearing on the City of Albany 2026 Proposed Budget ▪ Vote on the City of Albany 2026 Proposed Budget