budget

The City of Utica Audit for the 2013 was released to the Common Council last night.

Utica 4th Ward Councilman Joe Marino is introducing a Comprehensive Debt Reduction Act that he says will increase the City's poor bond rating, and help lower taxes for residents.

The audit for the City of Utica is still incomplete.

The budget was passed, with just minutes to spare before the April first deadline.

Note: This is a developing story.  Check back for updates.  A budget agreement has been reached for the 2014-2015 fiscal year before Monday's deadline.

In 2013 the City of Utica increased its annual short-term borrowing to $12 million and projects the same cash-flow needs for 2014.

ALBANY, N.Y. (AP) — Lawmakers in the state Senate have worked past midnight to finalize the chamber's budget resolution, two days after the Assembly approved its spending proposal.

Show me the money trail, that is the battle cry of one local leader.

Utica Fourth Ward Councilman Joe Marino plans on proposing a resolution at the next common council meeting that would ask for the state's help getting involved with the financial restructuring board.

In response to the City of Utica's proposed budget increase, Assemblyman Anthony Brindisi is asking Mayor Robert Palmieri to consider ways to bring money to the City without raising taxes over 2%.