Aug 18
2020
Study: Buffalo finances among worst in US
Only one city in the country is suffering more than Buffalo from the financial devastation of the COVID crisis. And that’s Rochester, just an hour down the Thruway. A forthcoming study, the source of a New York Times analysis published Monday, projects Buffalo’s government is staring at a 15 to 20 percent shortfall in revenue in the current fiscal year — more than twice the average in the survey of 150 cities nationwide. Upstate New York’s largest cities — Rochester, Buffalo and Syracuse — were ranked the most fiscally distressed municipalities in the nation. New York City ranked fifth, right[...]