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Trustee presses to remove NY Forward revenue from Albany Ave project until funding is documented
Summary
Trustee James Mark Browne successfully requested removal of NY Forward monies from the Albany Ave Pedestrian and Bicycle Improvement Project revenue because the village lacks signed documentation confirming those funds; federal aid and bond amounts remain in the budget.
During the budget review, Trustee James Mark Browne asked that anticipated NY Forward grant revenue be removed from the Albany Ave Pedestrian and Bicycle Improvement Project until the village holds signed documentation that the funds will be received. "Removal of NY Forward monies –Trustee Browne did not want to budget funds from NY Forward without having signed documentation of funds that may be received, and holding future boards in expecting funds," the minutes record.
The board left other capital revenue figures in the Tentative Budget, including HH34597 Federal Aid, Transportation, Capital Projects at $1,628,992.00 and HH35720 Statutory Installment Bonds at $427,537.92. Trustee Browne characterized the change as a matter of fiscal prudence to avoid budgeting unconfirmed grants.
