Erie County Comptroller Stefan I. Mychajliw announced that independent Wall Street ratings agency Standard and Poor’s (S&P) has affirmed the county’s SP-1+ credit rating for short-term borrowing.  This is the highest rating category offered by S&P.  It allows the county to borrow at an exceptionally low interest rate, thus saving significant money for the taxpayers.  Responsibility of short-term borrowing for Erie County rests solely with Comptroller Mychajliw.

Erie County Comptroller Stefan I. Mychajliw Jr. released sales tax revenue figures for the first half of 2018.   The report shows strong growth, in part because of federal income tax cuts that placed more money in the pockets of taxpayers. In the first six months of this year (January 2018 to June 2018), Erie County collected $226,879,922 in sales tax revenue.  This is 4.6 percent higher than the same period of time last year (January 2017 - June 2017). The most recent numbers for June show that the upward trend does not appear to be slowing. 

“My family is the definition of living the beauty of the American dream.  When my immigrant grandparents and father fled their Ukrainian farm with nothing to find a better life here, they did so because they wanted to live freely in the greatest country on Earth.  After coming to America legally, our family didn’t have two nickels to rub together.  But my Polish mother and Ukrainian father always told us that in America, if you work hard and earn an education, you can achieve greatness.