Complex sentence: Any deficit in the finances of the commission are assessed against both the city of Albany and of Rensselaer, in 1932 the state decided that any deficit assessment would be based on Albany owing 88% of the total and Rensselaer 12%.
Split into simpler sentences: Any deficit in the finances of the commission are assessed against both the city of Albany and of Rensselaer. In 1932 the state decided that any deficit assessment would be based on Albany owing 88% of the total and Rensselaer 12%.