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THE TIME IS NOW #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN PERMANENT CAPITAL CITY FUNDING 1 ---PAGE BREAK--- FULFILLING OUR COMMITMENT #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 2 • Since 2015, our budgets have grown by less than three percent (2.89%) • That equates to an annual increase of 0.48% since 2015 • If budget grew by 2% annually, our budget would be $198M+ • All of this happens with $12.5M in Capital City Funding $176,295,415 $181,383,548 2015 2020 ---PAGE BREAK--- #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN THE TIME IS NOW • New York’s Capital City shouldn’t be left behind as so much progress is made on important issues this session • Albany shouldn’t have to fight, year after year, for a baseline level of aid that every other city of our size enjoys by right 3 ---PAGE BREAK--- THE CASE FOR CAPITAL CITY FUNDING #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 4 • 64% of the property in Albany is tax-exempt, and NYS owns nearly 60% of the tax-exempt property • Current NYS funding to Albany under Sec. 19-a of the Public Lands Law is equivalent to 0.29% of the value of NYS-owned property in Albany ---PAGE BREAK--- TAX EXEMPT PROPERTY #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 5 64% 56% 46% 42% 42% 38% 35% 29% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65% 70% Albany** Syracuse Troy Buffalo Niagara Falls Schenectady Utica Rochester Tax Exempt Property as a Percentage of Total Land Value* • NYS owns 38% of Albany’s total property value – more than all the tax exempt property in Schenectady, Utica, or Rochester NYS-owned property in Albany ---PAGE BREAK--- THE AMOUNT OF AIM ALBANY RECIEVES IS UNJUST • The City of Albany receives less AIM per capita than any other upstate city with at least 48,000 residents City Population* AIM Per Capita Buffalo 256,304 $ 629.27 Syracuse 142,749 $ 502.69 Rochester 206,284 $ 427.73 Niagara Falls 48,460 $ 367.20 Utica 60,100 $ 268.06 Troy 49,374 $ 248.70 Schenectady 65,575 $ 170.89 Albany 97,279 $ 129.60 #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 6 *As per 2018 US Census Estimates ---PAGE BREAK--- AIM BY DAYTIME POPULATION City Daytime Population AIM Per Capita Buffalo 357,181 $451.55 Syracuse 213,686 $335.81 Rochester 318,110 $277.37 Utica 84,673 $190.27 Schenectady 87,521 $128.04 Albany 180,113 $70.00 #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN • The AIM per capita disparity among cities is even greater when taking into account daytime populations 7 ---PAGE BREAK--- ALBANY CANNOT TAX ITS WAY OUT City City Tax Levy School Levy Total AIM Aid AIM as % of Total Levy Buffalo $77,042,242 $70,822,758 $147,865,000 $161,285,233 109.07% Syracuse $36,789,181 $66,418,788 $103,207,969 $71,758,584 69.53% Rochester $59,537,400 $119,100,000 $178,637,400 $88,234,464 49.39% Utica $29,123,371 $30,005,865 $59,129,236 $16,110,473 27.25% Albany $58,850,000 $117,813,113 $176,663,113 $12,607,823 7.14% #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 8 • Buffalo’s AIM is 109% of its combined city and school tax levy, yet Albany’s AIM is 7.14% - this is simply unjust ---PAGE BREAK--- EVEN WITH 19-A… • Albany receives less state aid as a percentage of its general fund than every large upstate city other than Schenectady City Population State Aid as % of City General Fund* Buffalo 256,304 40.6% Syracuse 142,749 31.3% Rochester 206,284 25.9% Utica 60,100 23.1% Troy 49,374 22.9% Niagara Falls 48,460 20.9% Albany 97,279 16.4% Schenectady 65,575 13.0% #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 9 *As per 2019 totals ---PAGE BREAK--- WHEN SOME PEOPLE THINK OF ALBANY… #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 10 Albany County Census Statistics Med. Household Income $64,535 Per Capita Income $36,454 Poverty Rate 11.3% Homeownership Rate 56.5% ---PAGE BREAK--- THE REAL CHALLENGES OF ALBANY #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 11 City of Albany Census Data Med. Household Income $45,500 Per Capita Income $28,402 Poverty Rate 23.8% Homeownership Rate 36.8% ---PAGE BREAK--- CLINTON SQUARE #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 12 Census Tracts 2 & 11 Census Data Med. Household Income $23,563 Per Capita Income $23,361 Poverty Rate 41.3% Homeownership Rate 15.5% ---PAGE BREAK--- AIM PER PERSON IN POVERTY City Poverty Rate People in Poverty AIM/Person in Poverty Buffalo 30.30% 77,660 $ 2,076.81 Syracuse 31.80% 45,394 $ 1,580.79 Niagara Falls 27.40% 13,278 $ 1,340.14 Rochester 32.60% 67,249 $ 1,312.06 Troy 25.40% 12,541 $ 979.15 Schenectady 18.40% 12,066 $ 928.74 Utica 30.00% 18,030 $ 893.54 Albany 23.80% 23,152 $ 544.56 #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 13 • Why is a poor person in Buffalo worth nearly four times as much as a poor person in Albany? ---PAGE BREAK--- PILOTS FROM NONPROFITS? #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 14 ---PAGE BREAK--- HARRIMAN PILOT #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 15 Harriman Development PILOT Amount 1% of Improvements & Acquisition Costs Wadsworth Lab $7,500,000 SUNY Albany ETEC College $1,800,000 Various Improvements & Renovations (Dept. of Ag. & Markets Lab, Building 5 Daycare, etc.) $2,400,000+ Total Assessed Land Value = $80,551,200 $805,512 Harriman PILOT Total $12,505,512 ---PAGE BREAK--- MAKE IT PERMANENT THE TIME IS NOW #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 16 ---PAGE BREAK--- THE TIME IS NOW #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN CAPITAL CITY FUNDING 17