Dec 4
2024
Buffalo’s financial hole gets deeper
Ray Nosworthy, Buffalo’s new acting finance commissioner, had a rough first day on the job. His first task Tuesday morning was to tell the Common Council’s Finance Committee that, one quarter into its financial year, the city was staring at a nearly $18 million deficit. He also told lawmakers that Acting Mayor Chris Scanlon is demanding 10 percent cuts in expenditures from all city department heads in next year’s budget. Nosworthy said the “unexpected” $18 million deficit was the result of the city’s depleted savings. The Council in June adopted a spending plan that had a $40 million imbalance between[...]