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City of Albany
Population 101,698 (Census estimate 2025; 2020 base 98,865) popest-2025 ⓘ · Meeting coverage: documents
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General fund spending (incl. transfers out) exceeded revenues (incl. transfers in) in 2023, 2024, 2025, and operating funds overall spent more than they took in in 2023, 2024, 2025 (last 3 AFR years). Planned use of fund balance can cause this; check the adopted budgets.
OSC FSMS: assigned + unassigned general fund balance was -4.5% of gross expenditures (FY 2025); threshold < 5%.
Source: fsms-ind1-muni-2025 ⓘ
Debt outstanding rose from $116,785,948 (2022) to $186,855,681 (2025), +60%.
OSC Fiscal Stress Monitoring System designation for FY 2025 (fiscal score 85).
Source: fsms-muni-2025 ⓘ
Compared with Capital Region cities
| Indicator | City of Albany | Peer median | Percentile | Peers | Basis |
|---|---|---|---|---|---|
| Operating spending per capita | $2,333 | $2,140 | 75th | 10 | AFR 2025, operating funds (our calc) |
| Property tax per capita | $788 | $626 | 75th | 10 | AFR 2025 real property taxes (our calc) |
| Debt per capita | $1,837 | $1,944 | 45th | 10 | AFR 2025 debt detail, year-end outstanding |
| Debt service % of operating spending | 7.3% | 7.5% | 45th | 10 | AFR 2025 (our calc) |
| State aid % of operating revenue | 19.1% | 12.5% | 85th | 10 | AFR 2025 (our calc) |
| Sales tax % of operating revenue | 23.7% | 18.9% | 65th | 10 | AFR 2025 (our calc) |
| Fund balance ratio (OSC FSMS) | -4.5% | 23% | 6th | 9 | OSC FSMS FY2025 |
| Operating spending growth over 5 AFR years | 18.1% | 19.7% | 39th | 9 | AFR 2021–2025 (our calc) |
| Levy growth | 7.6% | 14.5% | 15th | 10 | 2021–2026 OSC tax tables |
| FSMS fiscal stress score (higher = more stress) | 85 | 10 | 94th | 8 | OSC FSMS FY2025 |
Percentile = share of same-class peers in the region with a lower value. A high or low percentile is context, not a judgment. Sales tax for towns and villages is county distribution revenue.
Five-year picture
Our calculation from OSC AFR account data: all funds except custodial (T*), capital projects (H), fixed-asset (K) and long-term debt (W) groups, excluding interfund transfers and debt proceeds.
OSC AFR, fund A, revenues and other sources minus expenditures and other uses (our calculation). Planned use of fund balance appears as a deficit.
Year-end debt outstanding (OSC AFR debt detail) and debt service expenditures (OSC AFR).
Levy as reported in OSC's annual tax tables for the year shown.
Assigned + unassigned general fund balance ÷ gross expenditures, as computed by OSC.
OSC's own scores and designations. 'Not filed' rows mean the AFR was not filed in time to be scored.
Annual Financial Report series
| Year | Operating revenue | Operating spending | GF revenue (incl. transfers) | GF spending (incl. transfers) | Property tax | Sales tax | State aid | Debt service | Debt outstanding | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2019 (FYE 2019-12-31) | $180,508,670 | $176,683,497 | $178,589,333 | $174,440,147 | $79,297,012 | $37,840,036 | $28,948,931 | $19,107,000 | $116,459,600 | afr-2019 ⓘ · debt-2019 ⓘ OSC snapshot 2026-09-30 |
| 2020 (FYE 2020-12-31) | $170,400,771 | $182,252,530 | $168,271,899 | $179,770,309 | $78,318,878 | $35,377,779 | $26,493,596 | $23,532,257 | $114,327,719 | afr-2020 ⓘ · debt-2020 ⓘ OSC snapshot 2026-09-30 |
| 2021 (FYE 2021-12-31) | $201,078,678 | $200,824,738 | $198,933,966 | $200,378,228 | $78,599,666 | $42,219,520 | $34,010,433 | $17,917,315 | $117,554,275 | afr-2021 ⓘ · debt-2021 ⓘ OSC snapshot 2026-09-30 |
| 2022 (FYE 2022-12-31) | $200,709,572 | $202,179,410 | $198,473,057 | $201,135,898 | $79,243,494 | $46,452,273 | $31,377,387 | $19,039,880 | $116,785,948 | afr-2022 ⓘ · debt-2022 ⓘ OSC snapshot 2026-09-30 |
| 2023 (FYE 2023-12-31) | $220,662,467 | $223,071,081 | $220,790,511 | $221,040,158 | $80,217,448 | $47,593,684 | $32,784,568 | $21,532,498 | $101,025,948 | afr-2023 ⓘ · debt-2023 ⓘ OSC snapshot 2026-09-30 |
| 2024 (FYE 2024-12-31) | $218,165,363 | $221,906,429 | $215,633,176 | $220,292,694 | $80,750,454 | $48,409,240 | $33,097,751 | $15,976,343 | $126,507,376 | afr-2024 ⓘ · debt-2024 ⓘ OSC snapshot 2026-09-30 |
| 2025 (FYE 2025-12-31) | $208,114,161 | $237,254,298 | $210,107,292 | $235,355,384 | $80,152,375 | $49,271,639 | $39,824,813 | $17,349,166 | $186,855,681 | afr-2025 ⓘ · debt-2025 ⓘ OSC snapshot 2026-09-30 |
Operating and property-tax figures are our sums of OSC account-level data (independent calculation, not OSC's own totals); GF = general fund (A).
Tax cap filings (OSC)
| Fiscal year | Prior levy | Proposed levy | Levy limit | Limit minus proposed | Levy growth | Override planned |
|---|---|---|---|---|---|---|
| 2019 | $59,992,998 | $59,992,998 | $61,586,358 | $1,593,360 | 0% | No |
| 2020 | $59,992,998 | $60,292,998 | $62,719,890 | $2,426,892 | 0.5% | No |
| 2021 | $60,292,998 | $61,292,998 | $62,272,912 | $979,914 | 1.7% | No |
| 2022 | $61,292,998 | $61,304,289 | $64,880,048 | $3,575,759 | 0% | No |
| 2023 | $61,304,289 | $62,371,132 | $63,730,659 | $1,359,527 | 1.7% | No |
| 2024 | $62,315,758 | $63,279,029 | $65,264,154 | $1,985,125 | 1.6% | No |
| 2025 | $63,279,029 | $64,418,563 | $66,583,864 | $2,165,301 | 1.8% | Yes |
| 2026 | $62,261,752 | $64,555,000 | $64,555,000 | $0 | 3.7% | No |
Source: taxcap ⓘ, snapshot 10/09/2026. Highlighted rows: proposed levy above the computed limit. Filings are as submitted to OSC before budget adoption; a later fiscal year that has not been filed yet does not appear.
OSC Fiscal Stress Monitoring System
| FY | Stress designation | Fiscal score | Environmental rating | Env. score | Source |
|---|---|---|---|---|---|
| 2019 | No Designation | 43.8 | Susceptible Environmental Stress | 36.7 | fsms-muni-2019 ⓘ |
| 2020 | Susceptible Fiscal Stress | 52.9 | Susceptible Environmental Stress | 30 | fsms-muni-2020 ⓘ |
| 2021 | Susceptible Fiscal Stress | 47.9 | No Designation | 26.7 | fsms-muni-2021 ⓘ |
| 2022 | Susceptible Fiscal Stress | 47.9 | No Designation | 26.7 | fsms-muni-2022 ⓘ |
| 2023 | Moderate Fiscal Stress | 57.9 | No Designation | 20 | fsms-muni-2023 ⓘ |
| 2024 | Moderate Fiscal Stress | 61.3 | No Designation | 20 | fsms-muni-2024 ⓘ |
| 2025 | Significant Fiscal Stress | 85 | No Designation | 13.3 | fsms-muni-2025 ⓘ |
FSMS fund balance (Indicator 1): FY2023 4% ($8,731,541 of $221,040,158) fsms-ind1-muni-2023 ⓘ · FY2024 4.1% ($9,109,582 of $220,292,694) fsms-ind1-muni-2024 ⓘ · FY2025 -4.5% ($-10,719,510 of $235,355,384) fsms-ind1-muni-2025 ⓘ
OSC audits (2)
- City of Albany – Budget Review (B26-5-8) September 30, 2026 · Financial Condition
- City of Albany – Payroll (2015M-110) September 16, 2015 · Payroll/Employee Benefits
Source: osc-audits ⓘ. Matched by entity name in the report title.
In meetings
Context only. These links point to meetings where budget, levy, fund balance, debt or audits came up; they are not used in any figure above.
- 2026-11-10 · Finance, Assessment and Taxation Committee · November 10, 2026 @ 5:30 PM | Finance, Assessment and Taxation Committee Meeting (agenda) agenda · matched on title
- 2026-11-09 · Finance, Assessment and Taxation Committee · November 9, 2026 @ 5:30 PM | Finance, Assessment and Taxation Committee Meeting (agenda) agenda · matched on title
- 2026-11-04 · Finance, Assessment and Taxation Committee · November 4, 2026 @ 5:30 PM | Finance, Assessment and Taxation Committee Meeting (agenda) agenda · matched on title
- 2026-10-29 · Finance, Assessment and Taxation Committee · October 29, 2026 @ 5:30 PM | Finance, Assessment and Taxation Committee Meeting (agenda) agenda · matched on title
- 2026-10-28 · Finance, Assessment and Taxation Committee · October 28, 2026 @ 6:00 PM | Finance, Assessment and Taxation Committee Meeting (agenda) agenda · matched on title
- 2026-10-26 · Finance, Assessment and Taxation Committee · October 26, 2026 @ 5:30 PM | Finance, Assessment and Taxation Committee Meeting (agenda) agenda · matched on title
- 2026-10-21 · Finance, Assessment and Taxation Committee · October 21, 2026 @ 5:30 PM | Finance, Assessment and Taxation Committee Meeting (agenda) agenda · matched on title
- 2026-10-14 · Common Council Caucus & Regular Meeting · October 14, 2026 @ 5:30 PM | Caucus/Work Session (agenda) agenda · budget terms on p. 4, 5, 6 · serial bonds, tax levy
- 2026-10-14 · Finance, Assessment and Taxation Committee · October 14, 2026 @ 6:00 PM | Finance, Assessment and Taxation Committee Meeting (agenda) agenda · matched on title
- 2026-10-07 · Finance, Assessment and Taxation Committee · October 7, 2026 @ 5:30 PM | Finance, Assessment and Taxation Committee Meeting (agenda) agenda · matched on title
- 2026-10-06 · Finance, Assessment and Taxation Committee · October 6, 2026 @ 5:30 PM | Finance, Assessment and Taxation Committee Meeting (agenda) agenda · matched on title · proposed budget
- 2026-10-01 · Finance, Assessment and Taxation Committee · Consolidated Notice for Fiscal Year 2027 Common Council Budget Discussions (agenda) agenda · budget terms on p. 1, 2 · proposed budget
- 2026-09-24 · Municipal Water Finance Authority · AMWFA Regular Meeting Agenda - September 24 2026 (PDF) (agenda) agenda · matched on title · proposed budget
- 2026-09-04 · Water Board · AWB Special Meeting Agenda - September 4 2026 (PDF) (minutes) minutes · budget terms on p. 1, 2 · proposed budget, final budget
- 2026-08-19 · Finance, Assessment and Taxation Committee · August 19, 2026 @ 5:30 PM | Finance, Assessment and Taxation Committee Meeting (agenda) agenda · matched on title
- 2026-08-19 · Committee / commission · watch at 14:22
- 2026-08-11 · Common Council · watch at 1:17
- 2026-07-20 · Common Council · watch at 138:00
- 2026-07-01 · Council Caucus · watch at 8:16
Machine transcripts; listen before citing. Meeting Insights library
Profile data as JSON: /api/entity/albany-county/albany.json