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Schenectady Mayor Gary McCarthy announced he will not veto the city's 2026 budget plan, which was created by the city council. The $119 million budget includes a 1.5% tax increase, staying below the state tax cap. This decision marks a shift from McCarthy's initial proposal, which called for a 17% tax increase that would have exceeded the cap.
Mayor McCarthy had previously criticized the council's budget, arguing that it relied on unrealistic revenue projections. Despite these concerns, McCarthy acknowledged there was no legal avenue to challenge the budget in court, as reported by the Daily Gazette.
The budget plan was passed by the city council with a 4-1 vote, as noted by News10 ABC. Council members Marion Porterfield, John Mootooveren, Damonni Farley, and Carl Williams supported the plan, while Councilwoman Doreen Ditoro opposed it.
In addition to the budget, the council appointed Justin Chaires to fill a vacant seat. This appointment has been contentious, with McCarthy initially vetoing it. However, Chaires expressed his readiness to serve, stating, "Representing Schenectady is a responsibility I take seriously."
The decision not to veto the budget allows it to take effect in the new year, ensuring continuity in city operations. The budget's approval comes amid ongoing debates about financial management and revenue projections within the city council.