title_header

ERIE.GOV | Your information resource from the government of Erie County, New York


County Executive Elected Officials County Departments Living In Erie County Visiting Erie County Growing your business in Erie County State and regional municipalities

Chairman requests County Executive utilize Control Board to save money on borrowing


OFFICE HIGHLIGHTS

Erie County Legislature Chairman John Mills, who served on the Erie Community College Presidential Search Committee, has released the following statement concerning the announcement of the next president of ECC.

Erie County Legislator John Mills announces his 11th annual Town of Collins Library Hot Dog Roast Fundraiser will be held from 11 a.m. to 2 p.m. (or until sold out) Saturday, June 17 at the library, 2341 Main St., Collins. Cost is $1...

Erie County Legislator John Mills announces that in the Town of Collins, Taylor Hollow Road will be closed from US Route 62 to Buffalo Street, from Monday, June 19 through Friday, Sept. 15 (or until complete.) Crews will be performing maintenance...

The Erie County Legislature has approved Ruthie’s Law to require improved accountability from nursing homes in cases where a resident has been badly injured. The law, named in honor of Ruth Murray, recognizes that nursing homes have a...

Congratulations to all the members of the class of 2017, whether you are graduating from college or high school. This is an exciting time of year for our local education institutes as graduates make very big decisions in what they will do next....

oneilj - Posted on 05 August 2014

Erie County Legislature Chairman John J. Mills sent a letter to County Executive Mark Poloncarz strongly urging him to issue the Declaration of Need to allow the county to borrow its annual Revenue Anticipation Note (RAN) through the Erie County Fiscal Stability Authority (Control Board) at a lower cost to taxpayers. Without a Declaration of Need, the county will be confined to borrowing through the Comptroller’s Office, which has historically been the more costly option.

 

“The County Executive has a responsibility to each and every taxpayer to issue the Declaration of Need to allow the county to potentially save more than a $1 million by borrowing through the Control Board. Without taking this step, the County Executive limits the county to one choice. which has been the more expensive option in the past,” said Chairman Mills. “The Legislature has a special session scheduled for Thursday, Aug. 7 to address other needs within the county and I strongly urge the County Executive to respond quickly to this request and submit the Declaration of Need to be included at that special session. This will allow the county to borrow through the control board and take advantage of significant savings.”

 

The letter is supported by Majority Leader Joseph Lorigo and Legislators Lynne Dixon, Kevin Hardwick, Ted Morton and Edward Rath.

 

At its last session, held Thursday, July 24, the Legislature approved the RAN to allow the county to bond up to $110 million. The county can either borrow on its own through the Comptroller’s Office or issue a Declaration of Need allowing the Control Board to borrow. It is estimated that the Control Board can save $800,000-$1.1 million over the life of the bond. At its June 26 session, the Legislature unanimously approved a resolution requesting the Declaration of Need be submitted. The County Executive failed to issue a Declaration of Need, which requires Legislature approval, prior to the final regular session before recess.