Posted at: 10/08/2013 1:38 PM
Updated at: 10/08/2013 6:24 PM
By: John McLoughlin
Albany County Executive Dan McCoy unveiled his new budget on Monday.
McCoy says he's very proud that it contains a tax increase of only 1.6 percent, which is below the two percent tax cap.
McCoy achieves that rate by assuming the county will no longer operate the controversial nursing home after June of next year.
The nursing home is the biggest factor in McCoy’s ability to keep the tax hike under the two percent cap. He only appropriates enough money for the county to operate the controversial facility through June of next year. McCoy has been pushing to completely privatize the home, which he says loses about $1 million a month.
McCoy's new budget continues to carry forward a so-called "rolling deficit" of nearly $11 million, although McCoy points out that he has reduced that built in deficit considerably since taking office.
However, under pressure from his own fellow Democrats in the County Legislature, he agreed to continue the operation until a so-called local development corporation can take it over.
“If they want run for the nursing home for another six months, on top of my 1.6 (percent) they will have to raise property taxes by another 8.9 percent to pay for the other six months,” says McCoy.
McCoy also says the county will also try to steer students to choose Schenectady County Community College, instead of Hudson Valley Community College to try to save big bucks for Albany County, which pays part of the bill.