Albany County Management and Budget - Albany, NY

Department of Management and Budget

The Albany County Department of Management and Budget serves as the primary financial planning arm for the county executive and legislature. Located in the Albany County Office Building on State Street, this department is responsible for the prudent management of the county's fiscal resources. Led by a Commissioner, the team prepares the annual Executive Budget, oversees capital programming, and ensures that taxpayer dollars are invested efficiently across all county departments.

Division of Finance

Within the department, the Division of Finance acts as the county's treasurer. This unit collects all county taxes, assessments, and license fees. They manage the receipt and custody of public funds, overseeing cash flow and investments to maximize returns while maintaining liquidity. 🏦 Tax Collection: The division is the central point for collecting delinquent property taxes and distributing sales tax revenue to local municipalities (cities, towns, and villages).

Real Property and Auctions

The department plays a critical role in the management of tax-foreclosed properties. They organize and conduct the county's real property tax auctions, returning properties to the tax rolls. Additionally, the staff maintains the official tax maps and issues Certificates of Residence for community college students seeking tuition assistance.

• Occupancy Tax: Administration and collection of hotel/motel room taxes.
• Fiscal Oversight: Monitoring departmental spending against the adopted budget.
• Capital Projects: Financial planning for long-term infrastructure improvements.