About this episode

Bob Ward discusses Albany's budget deficit and fiscal challenges.

Bob Ward, former Deputy New York State Comptroller and an Albany resident, joined Power & Politics this week. Ward served as Deputy New York State Comptroller from 2012-2021, and prior to that was with Rockefeller Institute of Government. He also wrote a comprehensive look at State government workings in his book: New York State Government. More recently, Ward has been analyzing the City of Albany's budget deficit, writing articles on Substack breaking down everything from the impact of State Aid to the city's debt to sales tax receipts. Intro and Albany’s Fiscal Crisis0:00:00 – 0:03:46Who Bob Ward is, and how Albany’s $19 million deficit and fiscal crisis came into focus. How Albany Ended Up in the Red0:03:46 – 0:08:59Revenue shortfalls, rising debt, borrowing to cover gaps, labor costs, and a heavily tax‑exempt property base. State Aid, Grants, and Development Slowdown0:08:59 – 0:16:35Uncertain state aid, grant management challenges, reduced development, and lost PILOT revenue. Landfill, Long‑Term Costs, and Debt0:16:35 – 0:18:50Rapp Road landfill closure obligations, bonding for environmental costs, and pension deferrals. Services, Taxes, and Public Accountability0:18:50 –…

People in this episode

Host: Tom Eschen

Guest: Bob Ward

Topics covered

• Albany budget deficit
• State aid
• Fiscal crisis
• Public accountability
• Debt management

Keywords

• Albany
• budget deficit
• State Comptroller
• debt
• taxes
• public services
• transparency

Mentioned in this episode

Organizations: Rockefeller Institute of Government

Books & works: New York State Government

Places: Albany

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