The Daily Gazette
The Locally Owned Voice of the Capital Region

Grim financial year faces city

New deficit looms; layoffs get consideration

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The city was able to buy its way out of the 2011 deficit, but it’s likely to fall into another hole this year with no more cash on hand for a bailout, the City Council finance committee chairman said. The city used up almost all of its savings to get out of a $5 million hole at the end of 2011. Now, there’s only $76,000 left. That’s not enough to pay the bills if the ...

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May 6, 2012
6:02 a.m.

[ Flag Post ]

McCarthy should read the news, the La Nina weather system has ended meaning that the chances are pretty good that we will have a very snowy winter this year.

If he thinks the unions are going to give anything up he is out of his mind. I already heard that the democrats bolstered by Marion Porterfield are already trying to illegally take the Schenectady Municipal Golf funds that by law can only be used for golf course improvements. Improvements that have not happened due to this councel and finance Commissioner Ismat Alam making extremely poor decisions.

Roger Hull was 100% right, and as I said many times here during the election that McCarthy was going to break this city. I think we also need to investigate the decision by Ismat Ilam to write a million dollar check to the county rather than negotiating either the tax ammount owed or negotiating a payment schedule.

This is what you have all over the country, including Washington DC when you have liberals and democrats running things.

May 6, 2012
8:41 p.m.

[ Flag Post ]

There was a town on Long Island that was run into the ground and the State had to take it over for a while. How bad do things have to get before that happens?