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Legislature requests County Executive capitalize on $250,000 in savings


OFFICE HIGHLIGHTS

The Erie County Legislature’s Majority Leader, Joseph C. Lorigo, sent a letter to the County Executive asking for further explanation concerning his withdrawal of Carol Dankert-Maurer’s name as Mental Health Commissioner....

Like many of you, I awoke on Jan. 9 to some snow and blowing wind. It wasn’t anything we hadn’t dealt with before. For many of us, after the 7-foot Snovember storm, it seemed like nothing. Because of the conditions, the roads were a...

Erie County Legislator Joseph C. Lorigo announces that a Home Energy Assistance Program (HEAP) Outreach will be held on Tuesday, Feb. 3 at the Aurora Senior Citizens Center, 101 King St, East Aurora.  Interviews will begin at 9 a.m. and...

The Erie County Legislature’s Majority Leader, Joseph C. Lorigo, sent a letter to the County Attorney requesting a Home Rule Request be drafted and sent to the New York State Legislature that would grant Erie County the right to charge...

The Majority Caucus re-elected Legislator Joseph Lorigo to the position of Majority Leader. First elected to the Legislature in 2011, Majority Leader Lorigo was the first Conservative Party member to hold the position when he was appointed by the...

The Erie County Legislature has unanimously approved a resolution requesting that the County Executive issue a Declaration of Need for the upcoming RAN borrowing.  This will allow the county to capitalize on significant savings for the taxpayers. Historically, the Erie County Fiscal Stability Authority (ECFSA) has proven to be the fiscally responsible option. Due to its superior bond rating, the ECFSA would be able to borrow at a lower rate than the County Comptroller’s Office.

 

“The entire Legislature believes that Erie County’s approach to borrowing should be simple: respect taxpayer dollars when borrowing, and use the least costly option possible. Statements from both the Comptroller and the ECFSA indicate that the ECFSA could save approximately $250,000 if it were to conduct this round of borrowing. I believe the choice is clear. The outcome will not change regardless; funds are still borrowed to operate county government, and the only difference is choosing which option is less costly to taxpayers,” said Majority Leader Joseph Lorigo.

 

Majority Leader Lorigo reminds the County Executive that when he served in the role of Comptroller during the 2011 borrowing process, Mr. Poloncarz stated in a letter to the Legislature, “I reiterate that my goal is to ensure County taxpayers get the best deal possible regardless of whether the County of the ECFSA issues this year’s RAN.”

 

“I hope that the County Executive will heed his own request and support the option that incurs less cost. All the information provided to the Legislature indicates that once again, as has been the case for several years, the ECFSA will be the better option. If proven to be true, I would hope that the County Executive values taxpayer dollars as much as I do, and conducts the borrowing through the most cost effective method,” said Majority Leader Lorigo.