Friday, 04 December 2020 10:46

City News: Saratoga Springs Adopts $46.2 Million Budget for 2021, Announces Small Biz Grant Program

The city announced a COVID-19 Small Business Grant  Program Application period opens Dec. 7. The city announced a COVID-19 Small Business Grant Program Application period opens Dec. 7.

SARATOGA SPRINGS — With the clock ticking to a midnight deadline that would have installed what Finance Commissioner Michele Madigan called a “skeletal budget” as proposed in October, the City Council Nov. 30  staged a Special Meeting during which it unanimously approved a less austere 2021 budget that maintains essential city services and preserves city jobs and salaries. 

The initial budget proposed in October was set at $41.9 million – a $7 million reduction to the 2019 plan. The amended 2021 budget approved this week calls for a $46.2 million spending plan. It may be further amended after Jan. 1, 2021. 

The plan calls for a 6% property tax increase, meaning a home assessed at $200,000 will require an additional payment of $72 annually; a home assessed at $400,000 will see an annual payment increase of $144.   

Commissioner Madigan said with a vaccine seemingly on the horizon, she is feeling “optimistic” about at least some form of tourism returning to the Spa City next year.

• The city announced a COVID-19 Small Business Grant Program Application period opens Dec. 7, with 25 to 51 grants of $5,000 - $10,000 to be awarded. Funds may be used for: payroll, rent or mortgage, utilities, equipment to facilitate the outdoor conduct of business during winter months, or supplies and equipment that reduce risk of coronavirus transmission.

Grant recipients must preserve at least 1 FTE job held by a low-income person - designated as less than  $33,950/year -  for at least six months.

The COVID-19 Small Business Grant Program, administered locally by the City’s Office of Community Development (OCD), was funded by a U.S. Department of Housing and Urban Development grant through the Coronavirus Aid, Relief and Economic Security (CARES) Act. All applicants must agree to federal program requirements. For full guidelines, eligibility information, and application forms go to: saratoga-springs.org. 

• The comment period for Draft 2 of the UDO has been extended and the public is invited to submit comments through Friday, Dec. 11. 

Members of the City’s UDO project team led six public Q&A sessions during the 60-plus days that Draft 2 has been available for review.  Draft 2 documents and maps, including video recordings and presentation slides, are available on the UDO web page on the city’s website for review.    

It is anticipated that a final draft of the UDO will be released and submitted to the County and City Land Use Boards for advisory opinions, prior to being presented to Council for a vote during the first quarter of 2021.

• A meeting of the Police Reform Task Force will be held at Saratoga Music Hall and livestreamed on the city website at 5:30 p.m. on Wednesday, Dec. 9. 

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