1 00:00:02,800 --> 00:00:07,800 Okay, we're live. Good afternoon everyone. The Board of Estimate comes to 2 00:00:06,280 --> 00:00:11,760 order. Today's date is Tuesday, August 18th, 3 00:00:10,120 --> 00:00:15,160 2026. It's 4:00 p.m. 4 00:00:13,360 --> 00:00:18,560 We have everyone here, myself, Chief City 5 00:00:17,480 --> 00:00:22,720 Auditor, representing Mayor. 6 00:00:20,760 --> 00:00:26,400 Of course, Cruz is Joel Stefanski, Chief Financial Manager. 7 00:00:26,200 --> 00:00:29,760 » [clears throat] >> Treasurer, 8 00:00:27,520 --> 00:00:36,320 Gary Schaer is here, Common Council President. Kim Rows here representing 9 00:00:32,880 --> 00:00:36,320 Councilman Raymond Lopez. 10 00:00:36,440 --> 00:00:41,240 » Okay, um to start off 11 00:00:41,400 --> 00:00:49,240 uh we want to skip ahead to the uh 12 00:00:47,440 --> 00:00:52,880 items from the from the Water Authority 13 00:00:51,160 --> 00:00:57,480 because we have Nick Riley here who 14 00:00:55,440 --> 00:00:57,480 uh 15 00:00:58,400 --> 00:01:02,840 who was uh in cycle last time on this issue last week. 16 00:01:02,160 --> 00:01:07,840 Well, there was some issues when he came back, 17 00:01:04,360 --> 00:01:10,360 so he has to pick up his kids. So, I'm asking for a motion to skip ahead to 18 00:01:09,520 --> 00:01:11,840 the water authority. >> So moved. 19 00:01:11,200 --> 00:01:14,840 » Second. >> Okay. All in favor? 20 00:01:13,360 --> 00:01:18,200 » Aye. >> Opposed? 21 00:01:15,840 --> 00:01:25,280 Unanimous. Okay. So, first item from 2026, this is an increased appropriation 22 00:01:21,800 --> 00:01:30,120 from water. It's increasing revenue from PSC 23 00:01:26,920 --> 00:01:35,200 PSC financing increased revenue formerly $45,130. 24 00:01:32,520 --> 00:01:38,400 Increased revenue New York State PSC aid of $1,311,060. 25 00:01:38,800 --> 00:01:46,000 And then increased expenses to be distribution capital outlay of 26 00:01:43,040 --> 00:01:50,360 $3,402,630. Increased uh 27 00:01:48,120 --> 00:01:53,360 expense for sewer separation capital of $2,363,000 28 00:01:54,040 --> 00:01:59,280 $560. And as you can see, for proposing an 29 00:01:57,920 --> 00:02:04,800 increase in revenue and increase in expense. It's both increasing 507,66190 30 00:02:06,240 --> 00:02:12,959 and the sole explanation is the source of funding will be ESC financing the 31 00:02:10,840 --> 00:02:17,120 projects. The budget will be used to create PO for CT [clears throat] mail, 32 00:02:15,360 --> 00:02:22,840 Newcastle, CH and Hackett Boulevard projects. 33 00:02:19,640 --> 00:02:27,160 Um, are there any questions? >> So, last time the the problem we ran 34 00:02:24,959 --> 00:02:30,560 into was that we were uh increasing expenses to appropriate 35 00:02:29,959 --> 00:02:33,440 accounts, right? >> To a balance sheet account, yeah. 36 00:02:31,680 --> 00:02:34,880 » Balance sheet accounts, right? This This is a remedy for that? 37 00:02:34,360 --> 00:02:36,520 » Yep. >> All right. 38 00:02:35,520 --> 00:02:37,959 » We're going to show them this from the packet, so they know. 39 00:02:37,520 --> 00:02:39,720 » Yep. >> Okay. 40 00:02:38,760 --> 00:02:42,120 » Okay. >> So, I know you have to go. 41 00:02:41,080 --> 00:02:44,760 Anything else you want to add? >> That was 42 00:02:43,280 --> 00:02:47,120 » Good job, Nick. >> I thought there might be more questions. 43 00:02:46,040 --> 00:02:49,959 Last time we spent like [clears throat] 20 minutes figuring out 44 00:02:48,480 --> 00:02:52,120 » I think we did most of the legwork last time, but 45 00:02:50,760 --> 00:02:55,040 yeah, thank you for for getting the problem solved here. 46 00:02:55,840 --> 00:03:01,160 » I'll give you chief credit article for uh supplying copious backup documents. 47 00:03:00,782 --> 00:03:04,080 » [laughter] >> Which I don't know if you need them 48 00:03:02,600 --> 00:03:06,640 again, but any 49 00:03:07,720 --> 00:03:12,760 » session and any questions? >> Uh I have some questions we have, 50 00:03:11,920 --> 00:03:15,640 » Do you have your questions now? >> Okay. 51 00:03:13,800 --> 00:03:19,440 » Um So, we should do legal settlements first 52 00:03:17,080 --> 00:03:19,440 and then we'll do 53 00:03:19,680 --> 00:03:26,640 » Yeah, okay. >> So, legal settlements uh 2026 54 00:03:25,120 --> 00:03:31,239 I don't know if you Legal settlement of 55 00:03:28,560 --> 00:03:35,120 Christine Garabedian versus City of Albany in the sum of $220.00 and no 56 00:03:34,040 --> 00:03:39,959 cents. Legal settlement of Frank Torrali 57 00:03:38,519 --> 00:03:42,959 versus City of Albany in the sum of $189. 58 00:03:43,800 --> 00:03:51,160 And there are attachments for these 59 00:03:48,080 --> 00:03:53,320 settlements as well. >> Oh, is there? 60 00:03:52,040 --> 00:03:56,160 » Anyone has any questions? If they're not, 61 00:03:54,000 --> 00:03:56,160 » Um 62 00:03:58,422 --> 00:04:02,160 » [clears throat] >> What are they for? 63 00:04:08,902 --> 00:04:13,480 » [clears throat] >> And your office recommends approval? 64 00:04:15,840 --> 00:04:19,120 » I'll make the motion to accept the agenda. 65 00:04:17,840 --> 00:04:20,959 » I'll second. >> All in favor? 66 00:04:20,079 --> 00:04:24,000 » Aye. >> Opposed? 67 00:04:22,120 --> 00:04:26,240 It passed unanimously. I need a motion to adjourn. 68 00:04:24,720 --> 00:04:28,400 » So moved. >> Second. 69 00:04:27,600 --> 00:04:30,720 » All in favor? >> Aye. 70 00:04:29,200 --> 00:04:32,919 » Opposed? Meeting is adjourned. 71 00:04:32,400 --> 00:04:35,560 » Okay. >> Same job.