Erie County GOP

This is what poor fiscal management looks like. Moody’s has revised Buffalo’s credit outlook from Stable to Negative, warning about declining reserves, structural budget deficits, and the City’s continued reliance on one-time revenues to balance its books. That’s not a financial plan, it’s a budget held together with temporary fixes. @MayorSeanRyan bears responsibility for allowing the City’s finances to deteriorate to this point. Sound budgeting means living within your means, building reserves during good times, and confronting structural deficits before they become a crisis. Instead, Buffalo now faces a warning from the bond market that its fiscal trajectory is moving in the wrong direction. And where was Comptroller @TomDiNapoli? A true fiscal watchdog doesn’t wait until a rating agency raises the alarm. The job is to identify financial risks early, demand corrective action, and protect taxpayers before borrowing costs rise and fiscal options become more limited. This should be a wake-up call for every city in New York, including New York City and @ZohranKMamdani. Get your fiscal house in order. The bond market doesn’t care about political speeches or excuses. It rewards discipline and punishes poor financial management. When government fails to manage taxpayer dollars responsibly, taxpayers are the ones left holding the bill.