County Leg okays budget
ALBANY —The Albany County Legislature unanimously adopted the 2025 budget on Monday, Dec. 2, approving County Executive Daniel P. McCoy’s $847 million spending plan.
The budget marks the 11th consecutive year of property tax rate reductions and allocates funding for economic development, social services, workforce development, and addiction recovery initiatives.
The $847 million budget reflects a 3% increase from the previous year’s $822 million budget. It reduces the effective property tax rate to $2.73 per $1,000 of assessed property value, down from $2.84 in 2024. Since 2014, the tax rate has dropped by 30%, when it stood at $3.95 per $1,000…