Feb 21
2025
Good news, bad news for Buffalo finances
One-shot revenues and belt-tightening efforts have erased the deficit Buffalo’s government faced in the fall, but expensive legal settlements and overtime costs threaten to derail that progress. The city’s finance commissioner in December reported the city was running an $18 million deficit just three months into the financial year, which began July 1. That’s because Byron Brown’s administration had all but emptied the city’s reserves to plug unanticipated shortfalls in the previous year’s spending plan. Acting Mayor Chris Scanlon and the Common Council had planned to use those reserves to balance the current budget. To address the resulting deficit, Scanlon[...]