Last week, NYS Comptroller Thomas DiNapoli announced the latest fiscal stress scores for local governments. Fortunately, Hudson is not among the twenty-two municipalities experiencing some level of fiscal stress at the end of 2025, although, given Hudson's shrinking fund balance, it may be just a matter of time before we are on the list. In the announcement, DiNapoli makes this statement:
Local governments are facing increased fiscal pressures due to a combination of the end of federal pandemic aid, higher inflation, rising operating costs and moderating sales tax revenue growth. Local officials should be pragmatic when planning future budgets, and I encourage them to use the FSMS [Fiscal Stress Monitoring System] information and tools we provide to help them make prudent financial decisions.
This week, the Board of Estimate and Apportionment (BEA), made up of the mayor, the Common Council president, and the treasurer, begins the task of crafting the city budget for 2027. It is a process that is scheduled to continue into November. Here is the full schedule:
- Monday, September 28
- 2:30 p.m.--Clerk, Council, Records Management, Animal Control
- 3:30 p.m.--Code Enforcement
- Wednesday, September 30
- 2:30 p.m.--Legal
- 2:45 p.m.--Housing
- 3:00 p.m.--Mayor
- 3:30 p.m.--Assessor
- Monday, October 5
- 2:30 p.m.--Public Works
- 3:30 p.m.--Conservation Advisory Council
- 3:45 p.m.--Planning Board
- Wednesday, October 14
- 2:45 p.m.--Treasurer
- 3:00 p.m.--Senior Center
- 3:15 p.m.--Police and Parking
- Friday, October 16
- 2:30 p.m.--Cemetery, Water and Sewer
- 3:30 p.m.--Sidewalk Improvement District
- Monday, October 19
- 2:30 p.m.--Fire
- 3:15 p.m.--Youth
- Wednesday, October 21
- 2:30 p.m.--Nondepartmental/Revenues
- Friday, October 23
- 2:30 p.m.--Revenues
- Monday, November 2
- 2:30 p.m.--Overall Budget Review
- Wednesday, November 4
- 2:30 p.m.--Overall Budget Review
- Friday, November 6
- 2:30 p.m.--Overall Budget Review
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