At his annual budget presentation, Troy Mayor Patrick Madden said a 1.174 percent tax increase can be expected for the 2018 fiscal year.

Madden said the budget proposal would remain under the state tax cap, while also avoiding layoffs.

“This is a very sound budget," the mayor said Friday. "It’s fair; there are no gimmicks; there is not smoke and mirrors.”

At 1.174 percent, that means a property valued at $150,000 would see an increase of a little more than $2 a month in 2018. However, it's the solid waste disposal fee that residents can expect a larger increase.

Right now, it costs $29 per unit annually. Under this budget proposal, it'll increase to $190 for 2018.

“It incentivizes people to recycle," Madden said, "because as we recycle, it brings the cost of waste management down.”

“Certainly when you’re looking on keeping taxes down but increasing fees and new fees, I’m very cautious," said City Council President Carmella Mantello.

Mantello says the solid waste disposal fee will be one of the areas the council will look at closely once it officially receives the proposal. The city council will have until December 1 to pass a budget.

As for the city pools, Madden says that was included in the capital plan, which looks out over five years. That means the pool will remain closed next summer. 

Troy residents can review the budget at a workshop on October 16 at Brown's Brewing Company at 6 p.m.