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A Fundamental Injustice for New York’s Capital City CITY OF ALBANY MAYOR KATHY SHEEHAN 1 ---PAGE BREAK--- A Fundamental Injustice CITY OF ALBANY MAYOR KATHY SHEEHAN • The City of Albany typically receives less AIM per capita than any other upstate city with at least 48,000 residents City Population* AIM Per Capita 2020-21 NYS Budget 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 *As per 2018 Census Estimates 2 ---PAGE BREAK--- Compounding Albany’s Injustice CITY OF ALBANY MAYOR KATHY SHEEHAN • The City of Albany is facing larger cuts to AIM than any other upstate city City 2020-21 AIM 2021-22 AIM Reduction AIM/Capita w/ Reduction Buffalo $161.3M $157.3M 2.5% $ 613.54 Syracuse $71.8M $70.0M 2.5% $ 490.12 Rochester $88.2M $86.0M 2.5% $ 417.04 Niagara Falls $17.8M $17.3M 2.5% $ 358.02 Utica $16.1M $15.7M 2.5% $ 261.36 Troy $12.3M $12.0M 2.5% $ 242.49 Schenectady $11.2M $10.1M 10.0% $ 153.80 Albany $12.6M $10.1M 20.0% $ 103.68 *Includes $12.6M in AIM & $12M in Capital City Funding 3 ---PAGE BREAK--- Compounding Albany’s Injustice CITY OF ALBANY MAYOR KATHY SHEEHAN • When you combine the zeroing out of our Capital City Funding as well as this proposed 20% reduction in AIM, the injustice is even more stark 59% $24.6M $10.1M 2020-21 AIM + Capital City Funding 2021-22 Proposed AIM + No Capital City Funding Proposed Cut to Albany’s State Aid 4 ---PAGE BREAK--- The Real Challenges of Albany CITY OF ALBANY MAYOR KATHY SHEEHAN City of Albany Census Data Med. Household Income $45,500 Per Capita Income $28,402 Poverty Rate 23.8% Homeownership Rate 36.8% 5 ---PAGE BREAK--- Treated Like No Other City CITY OF ALBANY MAYOR KATHY SHEEHAN City Poverty Rate People in Poverty AIM/Person in Poverty Buffalo 30.30% 77,660 $ 2,024.89 Syracuse 31.80% 45,394 $ 1,541.27 Niagara Falls 27.40% 13,278 $ 1,306.64 Rochester 32.60% 67,249 $ 1,279.26 Troy 25.40% 12,541 $ 954.67 Schenectady 18.40% 12,066 $ 835.87 Utica 30.00% 18,030 $ 871.20 Schenectady 18.40% 12,066 $ 835.87 Albany 23.80% 23,152 $ 435.65 • Why is a poor person in Buffalo worth nearly five times as much as a poor person in Albany? 6 ---PAGE BREAK--- Even With 19-A… CITY OF ALBANY MAYOR KATHY SHEEHAN • Albany receives less state aid as a percentage of its general fund than every large upstate city other than Schenectady & Troy City Population State Aid as % of City General Fund* Buffalo 256,304 38.2% Syracuse 142,749 30.3% Rochester 206,284 26.0% Utica 60,100 22.8% Niagara Falls 48,460 19.9% Albany 97,279 17.0% Troy 49,374 15.9% Schenectady 65,575 10.3% 7 ---PAGE BREAK--- Fulfilling Our Commitment CITY OF ALBANY MAYOR KATHY SHEEHAN • Since 2015, our budgets have grown cumulatively by approximately 3% • That equates to an annual increase of 0.5% since 2015 • If budget grew by 2% annually, our budget would be $202M+ • All of this happens with 100% AIM & $12.5M in Capital City Funding $176,295,415 $181,730,957 2015 2021 8 ---PAGE BREAK--- Despite COVID, Our Plan Is Working CITY OF ALBANY MAYOR KATHY SHEEHAN 9 ---PAGE BREAK--- The Case for Capital City Funding CITY OF ALBANY MAYOR KATHY SHEEHAN 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* • 64% of all property in Albany is tax-exempt 10 ---PAGE BREAK--- The Case for Capital City Funding CITY OF ALBANY MAYOR KATHY SHEEHAN • 64% of the property in Albany is tax-exempt, and NYS owns nearly 60% of the tax-exempt property • Typical 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 11 ---PAGE BREAK--- Albany Cannot Tax Its Way Out CITY OF ALBANY MAYOR KATHY SHEEHAN City City Tax Levy School Levy Total AIM Aid AIM as % of Total Levy Buffalo $ 77,042,242 $ 70,822,758 $ 147,865,000 $ 157,253,102 106.35% Syracuse $ 38,361,776 $ 66,418,788 $ 104,780,564 $ 69,964,619 66.77% Rochester $ 68,537,400 $ 119,100,000 $ 187,637,400 $ 86,028,602 45.85% Utica $ 30,075,565 $ 30,005,865 $ 60,081,430 $ 15,707,711 26.14% Albany $ 59,850,000 $ 120,118,833 $ 179,968,833 $ 10,086,258 5.60% • Buffalo’s AIM is 106% of its combined city and school tax levy, yet Albany’s AIM would be less than 6% - this is simply unjust 12 ---PAGE BREAK--- Harriman PILOT = Permanent Solution CITY OF ALBANY MAYOR KATHY SHEEHAN 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 13 ---PAGE BREAK--- Albany’s Heroes CITY OF ALBANY MAYOR KATHY SHEEHAN 14 ---PAGE BREAK--- Treated Like No Other State CITY OF ALBANY MAYOR KATHY SHEEHAN 15 ---PAGE BREAK--- Encouraged By New Federal Leadership CITY OF ALBANY MAYOR KATHY SHEEHAN 16 ---PAGE BREAK--- Thank You CITY OF ALBANY MAYOR KATHY SHEEHAN 17