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Albany board approves budget transfers to cover pension, water costs; auditor position funding questioned
Summary
The Board of Estimate and Apportionment approved multiple 2025 and 2026 budget transfers to cover pension obligations and outstanding water invoices, while a question from a member raised whether the audit office position funding had received separate council approval.
The Board of Estimate and Apportionment voted to approve several budget transfers the board said were necessary to cover pension obligations and outstanding water-related invoices.
Speaker 2 presented the package, saying the board was moving $66,000 from software maintenance to contract services for elections and reallocating a set of funds totaling $516,000 to cover the city's fiscal year 2025 portion of the state fiscal year 2026 pension obligation, including amounts routed to lines described as the New York State Employee Retirement System.
"So total transfer is 516,000, and that's to cover, city fiscal year 2025 portion of the state fiscal…
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