The city of Albany may face a budget gap of more than $33 million in 2027.
City officials shared that outlook on Saturday as part of a mid-year update to the city’s financial plan.
Mayor Dorcey Applyrs said the city will need multi-year solutions to deal with its fiscal instability.
The new report’s projections also continue to put the city at a roughly $22 million budget deficit for the current year, after looking at spending and revenues through the end of June.
The city has been working for months to address fallout from budget gaps for this and last fiscal year, leading to an internal review of areas where the city could save money and a hiring freeze for non-essential roles in March.
A big increase in state aid earlier this year provided some help, but a new letter from the mayor to the state comptroller’s office warns newly projected revenue shortfalls will eat into some of that relief.
The mayor also says health coverage costs now appear to be rising more quickly than expected.
She has asked the comptroller’s office to review the report.