ECFSA report says county’s ongoing fiscal management ‘has been exemplary’; finds 2022 proposed budget to be ‘reasonable and achievable’
The Erie County Fiscal Stability Authority recently voted unanimously to approve the proposed 2022 Erie County budget and accompanying four-year financial plan, noting Erie County’s “responsible financial stewardship” in its budget analysis.
Under the legislation that created the ECFSA, within 20 days after receiving the county’s submission the ECFSA is required to determine, in its best judgment, whether the budget and plan are in balance. Erie County Executive Mark Poloncarz presented his proposed 2022 budget on Oct. 4.
Among other notes in its analysis of the proposed budget, the ECFSA stated, “The county’s ongoing fiscal management has been exemplary, among local governments in navigating the financial issues related to the COVID-19 pandemic. Through what appears to be the worst of the pandemic, the county has adjusted its budget and staffing levels in a way to still provide mandated and desired services while not using if-come revenues,” and, “in closing, we want to reiterate that the county has performed admirably in addressing fiscal issues related to the pandemic. The county has positioned to rebound in a post-pandemic environment. Over the period of the current 4-year plan, the ECFSA is looking to the county to continue its responsible financial stewardship.”
“I thank the ECFSA and Chair James Sampson for their diligent review and unanimous approval of the proposed 2022 budget and the four-year financial plan,” Poloncarz said. “This proposed budget provides unprecedented property tax relief, avoids any use of fund balance, and invests in small businesses, law enforcement and essential services for residents. It is sound, balanced and achievable, and having this affirmation from the ECFSA demonstrates that.”
The Erie County Legislature must vote on the proposed 2022 budget by Dec. 2.