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Erie County Fiscal Stability Authority signals approval of proposed 2019 Erie County budget, 4-year plan

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Fri, Nov 2nd 2018 04:05 pm
ECFSA board unanimously approves resolution finding county financial plan complete, compliant with NY Public Authorities Law
The Erie County Fiscal Stability Authority board of directors on Thursday unanimously passed a resolution approving the proposed 2019 Erie County budget and accompanying four-year plan, submitted by the Poloncarz administration on Oct. 12. In its resolution, the ECFSA board stated its finding that "the 2019-22 financial plan is complete and compliant with NYS Public Authorities Law," and that, as a result, the ECFSA itself would remain in an advisory status.
"I thank the Erie County Fiscal Stability Authority Board for their affirming vote, which underscores the strength of the proposed 2019 budget and demonstrates that it is a reasonable financial course for the county to follow in the coming year and beyond. My proposed 2019 budget cuts taxes significantly while investing in infrastructure, public health, economic development initiatives and more," Erie County Executive Mark C. Poloncarz said. "It is encouraging that the ECFSA board approves of the proposed budget and four-year plan, and is a sign that our proposal is sound, responsible and workable."
The 2019 proposed budget is now before the Erie County Legislature, who must vote on it by Dec. 10.

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