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County Executive Press Releases

Posted on: December 5, 2023

Rensselaer County 2024 Budget Unanimously Approved

Rensselaer County 2024 Budget Unanimously Approved, with 10 Percent Property Tax Rate Reduction and Continued Service Improvements

Rensselaer County 2024 Budget Unanimously Approved, with 10 Percent Property Tax Rate Reduction and Continued Service Improvements

Sixth Consecutive Tax Rate Reduction Have Lowered County Taxes by 37 Percent

Rensselaer County continues to be a leader in New York State in reducing property taxes, with the County Legislature approving a 2024 budget that includes the sixth consecutive reduction in the county’s property tax rate, County Executive Steve McLaughlin announced.

The six consecutive county property tax reductions total 37 percent and include each budget introduced by McLaughlin as County Executive.

The 2024 budget was approved by a unanimous vote of the County Legislature at the special meeting on Monday. Five of McLaughlin’s budgets have been adopted by unanimous vote.

“We are proud to be providing residents of Rensselaer County with another property tax rate reduction, and helping protect taxpayers and encourage investment, opportunity and job creation in our county,” said McLaughlin.

“We are equally proud to be a leader in New York State in reducing property taxes. During the past several years, no other county in the state has done more to reduce property taxes and provide a savings to our residents,” added McLaughlin.

The 2024 budget will help bring the historic Reimagine Rensselaer County Facilities project to a conclusion. The Rebuild Rensselaer County Facilities project is an effort to improve and modernize county offices and includes establishment of new county offices and DMV at 99 Troy Road in East Greenbush, renovation of the County Office Building in downtown Troy as home for Social Services, Mental Health, Employment and Training, Health, DMV and Board of Elections, and renovation of the adjacent Health Sciences Building in downtown Troy as a home for the county Probation department. A new garage will be built on the site of the current Cropseyville county highway department.

Much of the work to relocate departments into the County Office Building in downtown Troy is expected to be completed later this month.

In January, the county also unveiled a new county Emergency Services Training Complex in North Greenbush, with the ESTC offering state-of-the-art training and services for first responders across the county and in the region.

The Reimagine project has also included a new county senior center in downtown Troy and construction of a new county senior center in Hoosick, along with an improved county Highway garage in Cropseyville. The Reimagine project will reduce reliance on rented space and provide more convenience and access for residents.

“The Reimagine Rensselaer County Facilities project is transforming county government, and doing so at a cost that is manageable and reduces long-term costs while ensuring a solid platform for management of these offices,” said McLaughlin.

Along with the property tax rate reductions and the Rebuild Rensselaer County Facilities project, the county has improved important county services. The county has paved over 240 miles of the county’s 320-mile road network and has launched an effort to expand water and sewer infrastructure in the southern area of the county.

The property tax rate decrease was recently accompanied by the county earning a perfect fiscal stress score rating from the New York State Comptroller’s Office for the 2022 fiscal year. The county also received a perfect fiscal stress score for the 2021 fiscal year.

Rensselaer County has also earned a string of positive independent audits of county finances during McLaughlin’ tenure, and the county now holds the highest bond rating in county history. The county is seeing other positive results for fiscal management, including interest income.

“We recognize that effective management of county finances protects residents and taxpayers and encourages investment and job creation. As we are reducing taxes and improving services, we are still maintaining our focus and vigilance on carefully managing the assets entrusted to us by county residents,” said McLaughlin.

Rensselaer County has also seen strong performance with sales tax revenues, which is incorporated in the 2024 budget plan. The county set a record for sales tax growth in 2022, with the revenues in the county growing by nearly 11 percent over the previous year. Rensselaer County received a record $122 million in sales tax revenues in 2022, a significant increase over the $110 million received by the county in 2021. The 2022 numbers marked the second time the county has received over $100 million in sales tax revenues. The $100 million mark follows the county in 2019 showing the most sales tax growth in New York State.

“Years ago, county residents left Rensselaer County to shop and make major purchases. Now, our residents have more opportunities to shop here, and we are attracting residents from other areas to eat and shop here,” said McLaughlin.

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