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Albany Faces $22M Budget Gap | Albany News
Albany’s budget crisis is hitting critical levels as lawmakers face a $22 million shortfall with only months left in the fiscal year—on top of a looming $55.5 million structural deficit. With revenues lagging behind expenses, officials are eyeing borrowing (now costlier after a credit downgrade) and scrambling to find savings, even as police overtime costs soar due to staffing shortages. A new mayor-backed law now requires council approval for major budget shifts, sparking debate over democratic accountability. As October’s deadline looms, tough choices loom: tax hikes or deep cuts—possibly…
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