Sep 16
2019
City Hall stuck on budget bailout
For the fourth straight year, the City of Buffalo must tap reserves to balance its budget. The question is: What reserves? Where will the money come from this time? The books are just about closed on the financial year that ended June 30. The bottom line: The city finished around $10 million in the red, according to preliminary numbers published at Open Book Buffalo, an online portal that publishes city financial data and is updated weekly. Those numbers are unaudited and likely to shift somewhat over the next month or so. However, sources at the Buffalo Fiscal Stability Authority and[...]