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Buffalo, NY | Local News, Weather, Traffic, Sports | WGRZ.com

Study: City of Buffalo finances among worst in United States

Analysis finds city is facing huge revenue shortfall. Pandemic is major problem, but bad budgeting also a factor.

BUFFALO, N.Y. — Only one city in the country is suffering more than Buffalo from the financial devastation of the COVID crisis. And that’s Rochester, just an hour down the Thruway.

A forthcoming study, the source of a New York Times analysis published Monday,  projects Buffalo’s government is staring at a 15 to 20 percent shortfall in revenue in the current fiscal year — more than twice the average in the survey of 150 cities nationwide.

Upstate New York’s largest cities — Rochester, Buffalo and Syracuse — were ranked the most fiscally distressed municipalities in the nation. New York City ranked fifth, right behind Detroit. Sun Belt cities including Orlando and New Orleans also scored among the most troubled.

For more on this story, please visit the Investigative Post website.