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


OFFICE HIGHLIGHTS

Erie County Legislator Joseph C. Lorigo announces that the Boys and Girls Clubs of East Aurora and Holland have received 2015 Summer Primetime funding to support seasonal programming.

Erie County Legislature Majority Leader Joseph Lorigo has proposed that the county invest in the new downtown Explore and More Children’s Museum, which will serve as an anchor attraction in the booming Canalside area. In a resolution...

Erie County Legislature Majority Leader Joseph Lorigo has released the following statement with regard to his vote against a local law to reinstate the county’s conditional release program.

Erie County Legislator Joseph Lorigo, in partnership with the Erie County Sheriff’s Office and West Seneca Police Department, is hosting a free Car Seat Safety Check & Child ID Card Day for families on May 16.

Erie County Legislator Joseph Lorigo announces that work will begin on the Girdle Road and Jamison Road bridges in the Town of Elma this year. At a special session held on Thursday, April 23, 2015, the Legislature approved more than $29 million...

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.