Investigative Post

A Wall Street bond-rating agency recently delivered bad, if unsurprising, financial news to the City of Buffalo: The agency had downgraded the city’s credit rating. The reasons for the downgrade: a consistent pattern of inflating projected revenues in budget proposals, then raiding reserve funds to balance budgets when those revenue projections proved false. That is […]

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, […]

 Buffalo Mayor Byron Brown refused to talk with Investigative Post about the city’s fiscal plight for a story published last week, but he couldn’t dodge WGRZ’s Dave McKinley. The mayor’s response, included in a story that aired Monday, was a mix of arguing semantics and making misleading statements about city reserves. And, as if […]

Geoff Kelly reported Tuesday that Buffalo has fiscal problems. Jim Heaney on Wednesday discussed the story with Susan Arbetter on The Capitol Pressroom.    

To hear Mayor Byron Brown tell the story, the City of Buffalo’s finances are strong and stable, and his finance team has constructed another in a series of sound, responsible budgets.  Two important bellwethers put the lie to that narrative. The first is the depletion of the city’s reserves. In the past decade, the Brown […]

Well, she went ahead and did it. There was no good reason to do it, but she did it anyway. Interim Buffalo Comptroller Barbara Miller-Williams has issued an amendment to her own office’s critical assessment of Mayor Byron Brown’s projected 2019-2020 budget. The initial comptroller’s response was released on May 10, the deadline for the […]

A malfunctioning fire alarm rang shrill and unrelenting on the 13th floor of City Hall last Thursday morning, contributing to an hour-and-a-half delay of the Common Council’s special session to adopt its amendments to Mayor Byron Brown’s proposed 2019-2020 budget. Maybe the universe was trying to tell the Common Council something about that budget. If […]

Geoff Kelly’s current “PoliticalPost” blog details the risky assumptions Mayor Byron Brown has built into his proposed city budget. Kelly discussed those concerns on WBFO’s Press Pass.