Despite budget approval, Schenectady faces financial uncertainty heading into 2027

@keyframes spin { 0% { transform:rotate(0deg); } 100% { transform:rotate(360deg); } } Schenectady s financial outlook SCHENECTADY, N.Y. (WNYT) — Schenectady City Council has approved its 2027 budget, settling on a 14% property tax increase after weeks of negotiations. But while the budget is now in place, city leaders warn the municipality could still face financial challenges in the year ahead. Related: Schenectady City Council lowers 2027 property tax increase to 14% The approved increase is significantly lower than the roughly 43% property tax hike initially proposed as the city worked to address a projected $15 million budget deficit. Council members considered several options, including increases of 13%, 14% and 15%, before reaching a compromise. Despite the approval, questions remain about whether the city will generate enough revenue to cover its expenses. Ma