Albany — Financial Data

100,081 Population FY 2023

3.3% Fund Balance FY 2024

$2,771 Per-Capita Spending FY 2024

5.8% Debt Service FY 2024

61.3 Fiscal Stress FY 2024

20.0 Env. Stress FY 2024

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

23.4% Poverty Rate 2023

44.8% Bachelor's+ Rate 2023

8.3% Unemployment Rate 2023

37.9% Homeownership Rate 2023

Median Household Income

$59,485 (2023)

2010 2023

Per Capita Income

$35,851 (2023)

2010 2023

Median Home Value

$223,000 (2023)

2010 2023

Median Gross Rent

$1,178 (2023)

2010 2023

Median Age

31.9 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.5 (2023)

2010 2023

Financial Trends

Curated financial dashboard (1995–2024)

Fiscal Health

Available Fund Balance

$9,109,582 (2024)

2011 2024

Cash Position

$13,774,272 (2024)

1995 2024

Debt Service

$15,976,343 (2024)

1995 2024

Fund Balance %

3.3% (2024)

2011 2024

Debt Service %

5.8% (2024)

1995 2024

Per-Capita Spending

$2,771 (2024)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

61.3 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

20.0 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$61,667,390 (2024)

1995 2024

State Aid

$57,264,378 (2024)

1995 2024

Sales And Use Tax

$48,409,240 (2024)

1995 2024

Federal Aid

$26,771,327 (2024)

1995 2024

Other Real Property Tax Items

$19,083,064 (2024)

1995 2024

Top Expenditures

Public Safety

$89,516,611 (2024)

1995 2024

Employee Benefits

$64,528,236 (2024)

1995 2024

General Government

$56,377,081 (2024)

1995 2024

Transportation

$22,031,566 (2024)

1995 2024

Culture And Recreation

$16,151,474 (2024)

1995 2024

Financial Documents (56)

Year	Title	Type
2024	Albany OSC Annual Financial Report 2024	OSC_AFR
2024	Albany FSMS Report 2024	FSMS_MONITORING
2023	Albany Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Albany OSC Annual Financial Report 2023	OSC_AFR
2023	Albany FSMS Report 2023	FSMS_MONITORING

View all 56 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: State capital; county seat of Albany County
OSC Code: 010201000000

School Details

Not applicable for this entity type.

Dependent Entities

Fiscally dependent entities that roll up to Albany:

Albany City School District (School district)