Deputy Comptroller Dwayne O'Dowd told the Buffalo City Committee on Finance on Tuesday, June 2025, that the comptroller filed a FY2026 capital debt service request with net debt payments totaling about $43,000,000, with the first payment due in July 2025 and the second in December 2025.

The request covers combined obligations across the city and the parking fund. "Out of the total, $43,000,000, $36,000,000 is for city of Buffalo debt," O'Dowd said, adding that city debt represents roughly "80–84% of the total." He described the filing as part of the charter requirement for annual capital debt-service requests.

Committee members moved to open the item for discussion and then to close; a subsequent procedural motion was made "to sign without rec." The transcript records the motions to open and close discussion and the procedural motions but does not include a recorded roll-call vote on final approval in committee.

Why it matters: capital debt-service payments affect the city’s near-term cash-flow needs and relate to the city’s broader debt profile; the committee’s review is a step before the administration’s obligations are finalized. The comptroller’s filing establishes the timing and rough magnitudes of payments due in mid and late 2025.

Supporting details provided by O'Dowd in committee: the two scheduled payments (July and December 2025), the $43 million combined request and the $36 million portion identified as city debt. The item was discussed procedurally and no final committee decision or detailed funding plan was recorded in the transcript.