At last night's informal Common Council meeting, Council president Margaret Morris referred members to the most recent Treasurer's Report, which can be found here. The specific information in the report Morris referenced is on page 2: the actual amount of the unassigned fund balance and what is recommended.
The recommended minimum for unassigned funds is two months' operating expenditures, which for Hudson is $2,623,614. Calculating according to the requirements of New York State Comptroller's Office, Hudson's unassigned fund balance at the end of 2025 was $1,409, 849. Commenting on the situation, Morris said, "If that was being looked at by the comptroller, there's a very good likelihood that in next year's report of cities under stress, with those numbers, that we will be considered a city under stress."
Morris also told the Council that "in the first pass" of the Board of Estimate and Apportionment's review of the budget for 2027, there is a more than $1.5 million gap between projected revenues and requested expenditures. In the past, such budget gaps have been closed by taking money from the fund balance. It appears that won't be possible this time.
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