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Erie County Executive Projects a Surplus

6:12 PM, Jan 28, 2013   |    comments
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Erie County Executive Mark Poloncarz (D).

BUFFALO, NY - In a difficult fiscal time, Erie County is looking at a surplus. County Executive Mark Poloncarz estimates the a surplus between $4 and $5 million.

One month ago, Poloncarz warned of cuts in services if the legislature didn't pass a property tax increase. The lawmakers opted to make cuts and spare homeowners a tax increase of 3.4%.

According to Poloncarz, when sales tax revenue figures are in for December 2012, he anticipates a surplus. However, he is still worried about the current fiscal year. "In the 2013 budget, which we're in right now, it uses $4.5 million of our piggy bank or fund balance, just to balance the budget."

Poloncarz said the worry for 2013 surrounds "the sales tax numbers we saw at the end of 2012. They are not high enough to carry over where we should be in 2013."

 

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