Mayor Carmella R. Mantello has announced that the City of Troy and the Troy Downtown Business Improvement District (BID) have reached an agreement to keep the BID fully operational for the upcoming fiscal year. The agreement, which includes a roughly 7.7% increase in assessments, is designed to provide financial stability for the BID without affecting the city’s 2026 tax cap.
The proposal is set to be considered at the Troy City Council meeting alongside Mayor Mantello’s proposed 2026 city budget. If approved, it will allow the BID to maintain its daily operations and continue supporting local businesses and downtown events.
Annual community traditions such as Troy Pig Out, Chowder fest, and Pride Night Out are expected to continue under this agreement. The partnership also supports ongoing quality-of-life initiatives, including enhanced cleanliness and safety efforts downtown. Earlier this year, a new police walking beat program was introduced to improve public safety in the district.
Mayor Mantello commented on the importance of working with the Downtown BID: “I’m incredibly proud that the city and the BID have once again come together to secure a solution that protects our small businesses, preserves our beloved downtown events, and strengthens our shared commitment to a thriving, safe, and welcoming Troy,” said Mayor Mantello. “This agreement reflects the strong partnership between the city and the BID – from our Quality-of-Life Action Crews to the new Walking Beat Program – and ensures we continue moving forward together. I thank the BID leadership and the City Council majority for their collaboration and dedication to doing what’s best for our community.”
Olivia Clemente, Executive Director of the Troy Downtown BID, expressed appreciation for city leaders: “This increase reflects not only a productive partnership between the Business Improvement District and the City of Troy, but a community that fought to ensure the BID’s future,” said Olivia Clemente. “We are grateful for leadership and continued dialogue with Mayor Mantello and City Council that helped achieve this lifeline for the BID. Their commitment ensures we can continue operating, promoting our downtown, and providing events and services our businesses and residents rely on. This increase is an important first step for Downtown Troy, and we will continue working collaboratively with City leadership to secure resources needed to keep our district vibrant, safe, and thriving for entrepreneurs who make our community so special.”
Councilman Tom Casey also issued a statement on behalf of council members supporting this measure: “Tonight’s vote is an important step in preserving the BID’s vital work and strengthening Troy’s economic future,” said Councilman Tom Casey. “The Council majority is proud to support an agreement that keeps the BID operational, maintains critical partnerships, and builds on progress happening downtown. We commend Mayor Mantello and BID leadership for their diligence and collaboration.”
The council’s consideration of this assessment proposal forms part of its review process for adopting next year’s budget.
