Schenectady homeowners are facing a $240 annual property tax increase under Mayor Gary McCarthy’s just-released 2026 budget proposal. The plan is set to exceed the state tax cap, sparking questions about its potential impact on residents and city finances.

The Schenectady City Council is heading into the 2026 budget cycle missing a key decision-maker. Former council member Joseph Mancini resigned in August, and no timeline has been announced to fill his empty seat. Officials are now faced with planning a major budget without a full roster.