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


OFFICE HIGHLIGHTS

Thanks to a partnership between Albright Knox Art Gallery and Erie County, thousands of educational art kits are being delivered to local middle schools. On Wednesday, Feb. 25, Erie County Legislator Joseph Lorigo joined West Seneca East Middle...

Recently, several of my colleagues in the Erie County Legislature proposed a law that would impose term limits on all county elected officials.  The law allows for three four-year terms for the County Executive, Comptroller, Clerk, District...

Last year, the Legislature unanimously approved an additional $5 million to be spent specifically for infrastructure repair.  However, the County Executive opposed the additional spending, claiming the money could not be used in the 2014...

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...

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.