My post last week provided details on the City of Buffalo’s precarious 2020-2021 budget. Drawing on both budget facts that pre-dated 2020 and an analysis of the 2020-2021 budget prepared by the Buffalo Fiscal Stability Authority (BFSA), the numbers present a very dramatic and uncertain financial future.
Here is a summary of the ongoing dilemma that the city faces:
1. The city ran an operating deficit in 2019-2020 which required them to borrow $25 million. The city sold a Revenue Deficiency Note in that amount to close out the year. Continue reading
A review of City of Buffalo finances has led the Buffalo Fiscal Stability Authority (BFSA) to call for special state legislation which would authorize borrowing up to $121 million over the next two years to maintain city services. How and when that money would be paid back is not known.
The agenda for a meeting on July 20 posted on the BFSA website included a “BFSA Review and Analysis of the City of Buffalo’s 2020-21 Adopted Budget and 2021-2024 Financial Plan”. That extensive document was followed by a resolution by the Authority Board. Continue reading
In the early days of my involvement in politics I worked on many campaigns at Democratic headquarters in Buffalo. My main tasks were usually researching issues and writing news releases, but I also did a great deal of envelope labeling and stuffing and telephoning. One of the things that Joe Crangle’s operations excelled in was preparation for election mailings and voter contact.
Not too many people in Erie County today can remember when the county, by registration, was a Republican county. The shift began in the 1960’s. It was a lot of hard work. The main architect of that switch was Joe Crangle, who served as Democratic Chairman from 1965 through 1988. Continue reading
We are into August with just three months to go until the election. Everyone is joining Jared Kushner in celebrating the end of the coronavirus problem in July. We were all “rocking and rolling” that the pandemic has passed.
Okay, so Jared’s plan did not work out. Neither did his mid-East peace plan and various other assignments handed to him. But we should not pick on poor Jared. He is running his father-in-law’s re-election campaign and everything is going wonderfully – for Joe Biden. Continue reading