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Albany County controller says county in strong fiscal position despite 2025 fund‑balance dip
Summary
Controller Susan Rizzo told the Albany County Legislature that the county reduced long‑term debt and cut interest costs but saw a one‑year dip in unassigned fund balance after using cash for capital projects; she highlighted reserves and flagged risks from state and federal funding uncertainty.
Susan Rizzo, Albany County controller, told the Legislature on May 11 that the county entered 2026 with lower long‑term debt and stronger borrowing power but saw its first drop in unassigned fund balance in five years.
Rizzo said the county reduced long‑term debt from “over $300,000,000” to about $196,000,000 and that lower debt has cut annual interest payments by approximately $7,000,000. She credited rigorous debt management and said the county received credit‑rating upgrades, citing S&P and what the transcript transcribes as “Leeds.”
Rizzo said the county’s total fund balance remains large—more than $205,000,000—and…
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