As 2018 comes to a close, I want to share some thoughts on the past 12 months and all we have accomplished together during the last three years.
After much hard work and focus, we have restored our City’s financial standing. This month, we approved our third consecutive balanced budget, demonstrating our commitment to strong oversight of City spending. This conservative approach has reduced our fiscal stress rating for the second consecutive year and earned us positive feedback from the State Comptroller’s office. We have continued to achieve responsible agreements with our labor unions which respect our employees’ contributions while protecting taxpayers.
Our City’s A2 bond rating improved for the second consecutive year – from negative to positive – another indication that our budgetary practices and management are producing real results.
Additionally, we have made real investments in our recreational facilities, including improvements at the Frear Park Golf Course, the start of construction on the long-awaited Ingalls Avenue Boat Launch, and the planned modernization of our swimming facilities.
We are continuing to make the necessary investments in our infrastructure systems. With the support of New York State, we will move forward with a $40M project to modernize the transmission lines between the Tomhannock Reservoir and our water treatment plant, a critical link which provides water to 135,000 customers across the Capital Region.
I was pleased to appoint new leadership atop the Troy Police Department earlier this year. They are smart, dedicated public safety professionals who share my commitment to community policing, civic engagement, and building stronger bonds with our residents. Under their leadership, we are moving forward with the deployment of a body camera program next year.
Our community continues to experience continued growth, not just in our downtown but in neighborhoods across Troy. Entrepreneurs and business owners are opening their doors in our city, demonstrating their confidence in Troy as a great place to do business. Millions of dollars in public and private investment are helping transforming long vacant factories and properties into places where families can live, work, and play.
This progress could not have been achieved without the help of countless staff from departments across Troy. From our hard-working Public Works staff who keep our streets clean, to our police and firefighters who keep our community safe, to the employees in Public Utilities, Law, Planning, Engineering, City Clerk, City Assessor, Code Enforcement, Finance, Parks & Recreation, I.T., and Vital Statistics, who work hard to ensure our residents receive the services they deserve, I thank them for their efforts on behalf of the public.
We are also fortunate to have a community that cares; residents and businesses that believe in the greatness of Troy. They have invested their time, talent, and resources in the relentless pursuit of making Troy better each day. Their participation is an essential ingredient in our future and it has been a pleasure to work with them.
It has been a tremendous year, and I am confident that by continuing to work together we can build a stronger future for our community. I wish everyone a happy, safe, and prosperous New Year and look forward to continue working on behalf of our residents, families and businesses who make our City such a special place.
Mayor, City of Troy