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Council member calls BFSA bond comparison 'farcical' and urges state audit of Buffalo budget
Summary
Council members criticized a Buffalo Fiscal Stability Authority bond comparison for mismatching 10‑year and 30‑year scenarios and backed a resolution asking State Comptroller Tom DiNapoli for an audit to clarify the city’s deficit ahead of budget negotiations.
A council member sharply criticized a Buffalo Fiscal Stability Authority (BFSA) financial analysis as misleading and urged clearer, independent accounting of the city’s deficit as councilors prepare for budget negotiations. "This supposed bond comparison analysis is farcical," the council member said, arguing the BFSA compared borrowing $46,000,000 over 10 years with borrowing the same amount over 30 years and presented it as an apples‑to‑apples comparison.
The critique, delivered in chambers by a council member who said the analysis failed to compare like terms, noted that a…
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