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


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Erie County Legislature Majority Leader Joseph Lorigo and Legislator Ted Morton have requested that the county thoroughly examine a leasing option for county vehicles to determine if tax dollars could be saved. Recently, Cattaraugus County...

Members of the Erie County Legislature are extremely disappointed that the 2015-2016 Erie Community College budget was approved with a $300 tuition hike. Majority Leader Joseph Lorigo, Legislator Ted Morton and Legislator Edward Rath attempted to...

A few weeks ago it was discovered that New York State had earned $60 million from selling residents’ personal information that is collected through the DMV to for-profit companies. Drivers had no idea that this was going on, and while the...

Erie County Legislator Joseph Lorigo announces that a free guided walk will be held on Saturday, June 20 at Emery Park. The walk is part of the county’s “A Walk in the Park” series, sponsored by Erie County’s Parks and...

The Erie County Legislature has unanimously approved a resolution requesting that the County Executive ensure Erie County is borrowing at the cheapest rate possible. The Legislature approved Majority Leader Joseph Lorigo’s...

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.