Tag: Mayor Byron Brown

May 14

2020

Buffalo comptroller critical of Brown budget

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The COVID-19 crisis has laid bare the city’s fragile finances. But it hasn’t changed the Brown administration’s proclivity for budgets constructed on risky revenue assumptions and optimistic expense projections, according to a report issued Tuesday by the city comptroller’s office. In her report, Comptroller Barbara Miller-Williams expressed “substantial concerns” about the 2020-21 budget proposals Buffalo Mayor Byron Brown released May 1. The charter-mandated response to Brown’s budget identified a host of what Miller-Williams characterized as risky assumptions, including more than $80 million in uncertain revenues and nearly $15 million in expense savings that might not materialize. Brown’s budget relies heavily[...]

Posted 5 years ago

Jan 10

2020

Our local politicians are getting worse

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The November local elections are behind us and the national chaos of 2020 is right around the corner. (Like winter, it can’t end soon enough.) This seems like a good time to take stock of our elected officials in Western New York. But first, allow me to hold my nose. I’ve been reporting in this town for more than 30 years, and the quality of our elected officials has never been worse. I’m not talking politicians at the town and village level, as I don’t travel much in those circles. However, it’s safe to say that with sixty-two towns and[...]

Posted 5 years ago

Nov 25

2019

Buffalo’s complacent Control Board

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 The Buffalo Fiscal Stability Authority, better known as the control board, costs city and state taxpayers more than $1 million a year. Its job, since it was imposed by the state in 2003, has been to keep an eye on Buffalo’s finances.  But during the past eight years it has done nothing to stop Mayor Byron Brown and the Common Council as they’ve drained the city of more than $100 million in reserves, leaving City Hall with nothing in the bank to close budget gaps.  In six of the last eight budget cycles, the Brown administration has depleted its[...]

Posted 5 years ago

Sep 30

2019

Buffalo’s budget woes get real

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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 to say, exactly the problems — what the agency, Fitch Ratings, described as “the city’s weak operating performance in recent years” — that we’ve been reporting for the past six months: here, here, here, and here. Meet and mingle with Geoff Kelly and our other[...]

Posted 5 years ago

Sep 16

2019

City Hall stuck on budget bailout

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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, according to preliminary numbers published at Open Book Buffalo, an online portal that publishes city financial data and is updated weekly. Those numbers are unaudited and likely to shift somewhat over the next month or so. However, sources at the Buffalo Fiscal Stability Authority and[...]

Posted 5 years ago

Jul 15

2019

Brown denies Buffalo’s fiscal woes

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 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 to underscore her lack of independence from the mayor, City Comptroller Barbara Miller-Williams issued a press release intended to assure the public that all is well with city finances. This wasn’t the first time she attempted to cover for Brown during her brief tenure in office.[...]

Posted 6 years ago

Jul 9

2019

Buffalo’s in shaky fiscal shape

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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 and the Common Council have used $107 million in reserves to close budget shortfalls. As a result, the city has no reserves left to plug future deficits. The lack of reserves has contributed to a second problem — poor cash flow — that resulted in[...]

Posted 6 years ago
Investigative Post