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Gloversville proposes an $24.5M 2026 budget, a 5.6% tax hike, and closes a Price Chopper store.
The Gloversville City Council will hold a public hearing on November 13 on a proposed $24.5 million 2026 budget, an 8.8% spending increase requiring $3.4 million from reserves, reducing the fund balance to about $2.4 million.
The property tax levy would rise 5.6%, with the rate projected at $20.45 per $1,000 assessed value.
Budget adjustments include savings from not hiring a lobbyist and lower insurance costs.
Rising personnel and health insurance expenses are cited as primary drivers.
A proposed code change would require 25-gallon water heaters in buildings with hot water.
The city also confirmed the permanent closure of the Price Chopper store on January 10 due to declining traffic, with Mayor DeSantis expressing frustration over the lack of advance notice.
Gloversville propone un presupuesto de 24,5 millones de dólares para el 2026, un aumento de impuestos del 5,6%, y cierra una tienda Price Chopper.