Finance & Regular Meeting
May 7, 2026 — Troy City Council
May 7, 2026 — Troy City Council
The May 7 Finance Committee opened at 6:03 PM with the City Controller presenting the FY 2025 Annual Financial Report: surpluses in every operating fund and $72.2 million in city cash. The Troy Community Land Bank posted $821K net income. The Regular Meeting followed at 7:44 PM and adjourned at approximately 9:13 PM.
The council introduced Local Law 3 to establish standards governing the city's use of Automatic License Plate Reader (ALPR) systems and scheduled a public hearing for June 4. No vote was taken on introduction. Mayor Mantello attended and spoke against the proposed law, arguing it would impair police operations. Public comment during the meeting was in support of regulation.
All 20 ordinances and resolutions on the agenda passed 7-0. Items reviewed at the April 23 Finance Committee were taken up at this Regular Meeting, including the $200K Lansingburgh Main Street grant, water and sewer infrastructure improvements, and proclamations honoring International Workers' Day, Harvey Milk Day, and the North Central Community Solidarity Group.
City Controller presented the 2025 Annual Financial Report. All operating funds ended in surplus.
Key cost drivers year-over-year: pension costs up $1.2 million; healthcare costs up $1.5 million. The city is replacing the legacy KBS accounting system with Tyler Technologies.
Council members asked for reconciliation of the Proctors/City Hall accounting: the purchase price was $1.8 million, but $2.8 million appears on the LDC books, a $1M discrepancy reflecting renovation costs. Council members also raised structural questions about inter-fund transfers from the Water Fund to the General Fund and asked for clearer documentation going forward.
The Land Bank reported strong 2025 results: 791 River Street sold; 4 Habitat for Humanity homes completed; a $500,000 homeowner repair program launched (income limit: 120% AMI); 13 new homes in the pipeline. Net income for 2025: $821,000. Net position: $1.6 million.
All items passed 7-0. Local Law 3 was introduced only; no vote. Items 7, 8, 10–13 and 41–49 were reviewed at the April 23 Finance Committee.
| # | Title | Sponsors | Vote |
|---|---|---|---|
| LL 3 | A Local Law Establishing Standards Governing the City's Use of Automatic License Plate Reader (ALPR) Systems — Introduction only; public hearing June 4 at 5:30 PM | McKee | — |
| Ord. 7 | Amending the Rules and Regulations of the City of Troy Department of Public Utilities | Campbell-Cohen, Steele | 7-0 |
| Ord. 8 | Amending Chapter 264 of the Troy City Code | Campbell-Cohen, Steele | 7-0 |
| Ord. 9 | Authorizing and Approving Filing of the City's Application for CDBG, McKinney Act Emergency Shelter Grant, and HOME Investment Partnership Program Funds | DiLorenzo, Steele (Admin.) | 7-0 |
| Ord. 10 | Authorizing the Reconveyance of Real Property Acquired by In Rem Foreclosure — 34 Centerview Drive | Spain-McLaren, Steele (Admin.) | 7-0 |
| Ord. 11 | Approving a Grant of Easement to Niagara Mohawk Power Corporation and Verizon New York, Inc. | Steele (Admin.) | 7-0 |
| Ord. 12 | Authorizing Settlement of Claim — NY Central Mutual Fire Insurance Co. A/S/O Anna L. Hughes vs. Michael Bourdon and City of Troy | Steele (Admin.) | 7-0 |
| Ord. 13 | Authorizing Awards of Neighborhood Improvement Project Funds | Steele, Spain-McLaren, Struber | 7-0 |
| Res. 41 | Accepting Main Street Grant ($200,000) for Lansingburgh Building Renovation; Authorizing Agreement with TAP, Inc. | Steele, DiLorenzo (Admin.) | 7-0 |
| Res. 42–45 | EFC Water Treatment Plant Grant; CDM Smith Sludge Lagoon Contract; Finch Turf Foley Grinders; DEC Urban Forestry Grant | Steele (Admin.) | 7-0 each |
| Res. 46–49 | International Workers’ Day; Harvey Milk Day; Preserve Martin Dunham Reservoir; Commend North Central Community Solidarity Group | Various | 7-0 each |
| Res. 50 | Proclaiming May 2026 as Mental Health Awareness Month in Troy | Spain-McLaren | 7-0 |
| Res. 51 | Scheduling a Public Hearing on Proposed Local Law No. 3 of 2026 — ALPR Systems (amended to June 4, 2026 at 5:30 PM) | McKee | 7-0 |
| Res. 52 | Appointing James Brent Mason as City Marshal for the City of Troy | Steele | 7-0 |
| Res. 53 | Appointing Commissioner of Deeds for the City of Troy | Steele | 7-0 |