Modified: January 23, 2015 2:10pm
Report from Division of Budget and Management Highlights Areas that Have Potential to Significantly Impact the County
ERIE COUNTY, NY— Today, Erie County Executive Mark C. Poloncarz released an analysis of the 2013-2014 New York State Executive Budget proposal (“Proposed Budget”) for its potential financial impact on Erie County (“County”) produced by the Division of Budget and Management.
“Considering approximately 90% of Erie County’s annual budget is comprised of state and federal mandates, every year the State budget process has a profound impact on us. While many details of the Governor’s Proposed Budget remain unknown and will be further detailed in the weeks to come, this review offers a glimpse into the potential impact it may have on Erie County in the coming year,” said Poloncarz.
Areas specifically noted include: mandate relief, Medicaid, IGT/DSH obligations, pension amortization, economic development, minimum wage increase, sales tax rate renewals and others.
It is important to note that this is the Governor’s Proposed Budget and, as has been the case in the past, the adopted state budget is often modified in varying ways by the time it has been fully adopted by the New York State Assembly and Senate. Therefore, it is difficult to know whether these proposals will be included, modified or excluded from the final budget.