Summary
The city of Buffalo is dealing with a financial deficit and is asking New York State for help. The deficit could be as much as $80.3 million this year, and both the mayor and the state governor are discussing how to address the challenge.
Key Facts
- Buffalo Mayor Sean Ryan started his term on January 1.
- Buffalo is facing a budget shortfall that could reach $80.3 million in 2023.
- The previous report estimated the deficit at $2.3 million, but it has since grown.
- The issues began during former Mayor Byron Brown's term, involving reliance on funds like the American Rescue Plan.
- Mayor Ryan is developing a three-year plan to improve the city's finances.
- New York Governor Kathy Hochul stated that the state will review the situation but expects the city to evaluate improvements first before seeking assistance.
