Mayor Madden Announces Public Budget and Finance Workshops for City Council, Troy Residents

Mayor Madden Announces Public Budget and Finance Workshops for City Council, Troy Residents

FOR IMMEDIATE RELEASE | AUGUST 23, 2016
MEDIA CONTACT: John Salka, Deputy Director of Public Information
John.S[email protected] / (518) 279-7131

Mayor Madden Announces Public Budget and Finance Workshops for City Council, Troy Residents

Three-Part Finance Workshop Series to Increase Transparency, Enhance 2017 City Budgeting Process

TROY NY – In an effort to increase public engagement and enhance the 2017 city budget process, Mayor Patrick Madden today announced a series of finance workshops to be held in the month of September for Troy City Council representatives and members of the public. The workshops are an effort to encourage and expand discussions between the administration and City Council members on various components of the city budgeting process ahead of the release of the Mayor’s proposed FY 2017 fiscal budget plan scheduled for October 10, 2016.

“Historically the framework of Troy’s budget process has not provided an adequate level of understanding and analysis required for accurate and realistic financial planning,” said Mayor Patrick Madden. ”As we continue to confront the fiscal challenges facing our city, I am confident that these finance workshops will provide vitally important information while fostering honest discussions to create a more productive budget process with better outcomes for residents and taxpayers of Troy.”

The finance workshops are part of the Madden administration’s ongoing effort to promote fiscal transparency, improved oversight through timely and accurate financial reporting, and increased public engagement in the budget process. The administration has delivered two on-time quarterly financial reports in 2016 as part of their response to a February audit by the NYS Comptroller’s Office of the City of Troy’s financial condition for the period of January 1, 2012 through May 31, 2015, which was critical of the city’s previous financial estimates and reporting.

The budget workshop series will be held on the following dates:

Wednesday, September 7 | 6:00pm
Tuesday, September 13 | 6:00pm
Tuesday, September 20 | 6:00pm

All meetings will be held at Troy City Hall, 433 River Street (1st Floor), Troy, NY. The workshops will be open to the public and all residents are encouraged to attend.

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