"It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage, than the creation of a new system. For the initiator has the enmity of all who would profit by the preservation of the old institutions and merely lukewarm defenders in those who would gain by the new ones." Machiavelli
Metroland on the BudgetBy DIA, Section News
The Metroland takes a look at the city's finances. Check it out.
The city’s financial situation has grown increasingly bleak since Jennings began his term as mayor. Jennings has relied increasingly on state aid and city surplus funds to balance his budgets. State PILOT payments made to Albany to support the proposed Albany Convention Center are scheduled to decrease in the next couple of years, and may eventually dry up.There was talk about putting together a platform for new candidates to run against Albany's incumbents. I believe the city's finances will be a core piece of that platform. The mayor has failed at his job to manage them. The council has failed at their job to provide oversight.
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