According to publicly available budget information, the City of Gloversville’s 2026 adopted budget relies on approximately $3.4 million in fund balance to support operations.

Available figures indicate that after this use, an estimated $2.3 million in fund balance may remain.

Some projections currently being discussed suggest that if expenses increase while revenues remain flat, the City could face a larger financial gap in the coming years.

At this time, these projections have not been independently confirmed, and official long-term forecasts have not been publicly clarified.

TVOTT Hillbilly News has reached out directly to Mayor Gary J. Antonucci to request information on:

  • Long-term financial projections
  • Sustainability of current fund balance usage
  • Potential impacts on future taxes and city services

As of publication, no official response has been received.

This remains a developing situation, and updates will be provided as more information becomes available.

⚖️ NOTE This report is based on publicly available information and ongoing discussion. Additional context or clarification from city officials may further define the situation.