ONEONTA, NY - The Oneonta City Common Council held a public hearing Tuesday evening on the tentative 2022 city budget.
It was a short meeting, lasting under 15 minutes, with only a few residents voicing concerns over proposed water rate hikes.
Following the hearing, outgoing mayor Gary Herzig spoke briefly to the council telling them they had some difficult decisions to make when it comes to the budget which includes a 5 year capital plan.
Budget officials estimate it would take $22 million of projected borrowing over the next few years to complete the projects, something Herzig says the city cannot afford.
He's asked the city's budget director to come up with a recommendation on the level of debt the city would be able to handle.
"We can then use that as a number to take a look at the list of projects in the capital plan, including the transit hub and parking garage,” says Mayor Herzig. “You will then have the very difficult job of prioritizing and deciding which projects to fund. At least in the next few years”.
The council is scheduled to vote on the budget next week.