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Gloversville proposes a 5.1% property tax hike in 2026, its first in six years, due to rising personnel costs.
Gloversville’s proposed 2026 budget calls for a 5.1% property tax rate increase and a 5.6% tax levy rise—the first in over six years—driven by rising personnel costs including pay raises, health insurance, and state pension contributions.
Despite a lower rate than a decade ago, the city is using over $1 million from reserves to soften the impact, reducing its fund balance to about $2.3 million.
The budget, now $24.5 million, has grown 49.5% since 2016, outpacing inflation and healthcare costs.
The decision between large, infrequent hikes and steady, moderate increases highlights a broader debate over fiscal stability versus immediate relief.
Gloversville propone un aumento del impuesto a la propiedad del 5,1% en 2026, el primero en seis años, debido a los crecientes costos de personal.