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Comptroller: Buffalo ended December 2025 with roughly $32.8 million negative cash balance
Summary
The comptroller told the council the city closed December 2025 with a -$32.8 million cash balance, driven by higher pension and payroll costs, timing of state aid and sales tax receipts, and one‑time revenue placements that existed in the prior year.
The Buffalo Common Council finance committee on Thursday received a December 2025 cash‑flow report showing the city ended the month with a negative cash balance of $32,813,000, the comptroller said.
“The city began the month with a cash balance of $28,919,000,” the comptroller (identified in the transcript as Dwayne O'Dowd) said in the report, then listed December receipts of about $90,000,721 and disbursements of $156,453,000. He said the year‑over‑year change represents a roughly $75.5 million decline from the positive $42.7 million balance the city reported at the end of December 2024.
The comptroller attributed…
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