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TROY, N.Y. — Troy’s credit is A+ and has a stable outlook according to S&P Global Ratings, a credit rating agency. The A+ is an increase from Troy’s last rating of A and the highest rating the city’s received. “(The) A+ assessment from S&P confirms that, despite persistent political opposition, our administration’s commitment to sound […]
TROY, N.Y. — Mayor Patrick Madden recently unveiled his eighth budget proposal, which includes a 3.12 percent property tax increase and a water rate increase of $0.40/1000 gallons. Madden’s “Neighborhood Reinvestment 2024 Troy City Budget Proposal” is a $112,735,583 spending plan. For a homeowner with a property assessed at $150,000, the 3.12 percent tax increase, […]
TROY, N.Y. — At a recent Troy City Council finance and special meeting, members discussed the city's budget situation. Another major highlight of the meeting was the announcement of a