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THE TIME IS NOW #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN PERMANENT CAPITAL CITY FUNDING 1 ---PAGE BREAK--- FULFILLING OUR COMMITTMENT #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 2 • Over the past 5 years, our budgets have increased by 0.48% combined • That equates to an annual increase of 0.096% since 2015 • All of this happens with $12.5M in Capital City Funding $176,295,415 $177,148,136 2015 2019 ---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 ---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 (2017) AIM Per Capita Buffalo 258,612 $623.66 Syracuse 143,396 $500.42 Rochester 208,046 $424.11 Niagara Falls 48,460 $367.20 Utica 60,635 $265.70 Troy 49,565 $247.74 Schenectady 65,625 $169.44 Albany 98,251 $128.32 #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 6 ---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 $74,497,242 $70,822,758 $145,320,000 $161,285,233 110.99% Syracuse $34,706,575 $65,372,787 $100,079,362 $71,758,584 71.70% Rochester $59,537,400 $119,100,000 $178,637,400 $88,234,464 49.39% Utica $29,422,062 $30,005,865 $59,427,927 $16,110,473 27.11% Albany $58,550,000 $115,514,377 $174,064,377 $12,607,823 7.24% #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 8 • Buffalo’s AIM is 111% of its combined city and school tax levy, yet Albany’s AIM is 7.24% - 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 (2017) State Aid as % of City General Fund Buffalo 258,612 40.6% Syracuse 143,396 31.3% Rochester 208,046 25.9% Utica 60,635 23.1% Troy 49,565 22.9% Niagara Falls 48,460 20.9% Albany 98,251 16.4% Schenectady 65,625 13.0% #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 9 ---PAGE BREAK--- WHEN SOME PEOPLE THINK OF ALBANY… #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 10 Albany County Census Statistics Med. Household Income $62,293 Per Capita Income $35,278 Poverty Rate 11.3% Homeownership Rate 56.8% ---PAGE BREAK--- THE REAL CHALLENGES OF ALBANY #FAIRSHARE4ALBANY MAYOR KATHY SHEEHAN 11 City of Albany Census Data Med. Household Income $43,790 Per Capita Income $27,632 Poverty Rate 24.5% Homeownership Rate 37.2% ---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 30.9% 79,111 $2,018.31 Syracuse 32.6% 46,747 $1,535.04 Niagara Falls 27.5% 13,327 $1,335.27 Rochester 33.1% 68,863 $1,281.30 Troy 26.1% 12,936 $949.21 Utica 30.4% 18,433 $874.00 Schenectady 21.0% 13,781 $813.13 Albany 24.5% 24,071 $523.77 #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