10/09/2026
Some thoughts on the Glens Falls budget process.
What you see happening in Saratoga (see link), Albany, Schenectady, etc was happening in Glens Falls. For my first four years on the council, we had wasteful budgets prepared by a mayor who increasingly relied on find balance to fill the gaps.
Last year mayor Collins advanced a budget that was more than $3 million out of balance (planned expenses over planned revenue). Mayor Collins justified it by saying the city always takes in more than it plans and that the city was sitting on a fund balance greater than $10 million.
I was concerned about these figures. I had not seen the mandatory audit from the prior year. I was also concerned that many expenses were being paid through a one time stream from federal funding that was not ongoing. The state began an OSC audit late last year.
Fast forward to the Palmer administration and we discovered how poorly the city had been managing its finances. Immediately , the mayor created a Finance and Audit Committee chaired by Council member Dan Donohue we learned payments were missed or late to many creditors. Mandatory reporting was not done. The controller was replaced. The new controller and assistant controller began searching through the wreckage. The auditors brought up many defects and historic poor practices. The committee recommended an RFP for contracting with an outside form for forensic financial discovery.
Ultimately the city determined our actual fund balance is more in the neighborhood of $4.5 million. Had the city not acted to reverse course the consequences would have meant missing grant payments and needing to take millions in additional debt.
I want to acknowledge and praise the work of the mayor, the chief of staff Steve.Thurston, controller Wendy Baird as well as all the staff of the city who have sacrificed time and comfort to avoid this disaster. The financial cliff is real. It is all around us. And by the good work of so many people in a short amount of time, we averted driving off it.
The city’s finance commissioner says a tax increase is needed to address an “underlying structural imbalance” in the budget.