BUFFALO — With help from Albany, the Erie County Legislature is looking to retake some control of county finances.
The legislature has gone back and forth with the control board for more than a year with various borrowing proposals. Now that the 2007-2008 capital borrowing is on the table, the legislature isn’t looking for a repeat of past battles.
In a special session, the legislature voted 13 to 1 to request expidited passage of New York Assembly and Senate bills that would allow the county to borrrow providing it has received two investment-grade ratings.
Fulfilling those requirements won’t be a problem, said Erie County Comptroller Mark Poloncarz.
“We have three investment-grade ratings at this point,” Poloncarz said.
Contact reporter Daniel Pye at 693-1000, ext. 158.
News Refresh
June 20, 2008
FRIDAY: County to borrow without control board (3:51 p.m.)
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LAY OFFS: Seneca Gaming Corp. to cut 210 jobs
The struggling economy has evidently caught up with the local gaming industry.
The Seneca Gaming Corp. announced on Tuesday plans to lay off a total of 210 of the 4,800 employees who work at its casino operations in Niagara Falls, Buffalo and Salamanca. - MONDAY: Mets, Bisons set to announce affiliation deal New York Mets executives are in Buffalo to announce that the Triple A Bisons will be the major-league team’s top farm club.
- FRIDAY: Police, fire departments offer disaster training courses (3:13 p.m.) The Lockport police and fire departments are offering a free community emergency preparedness course.
- FRIDAY: Four school districts holding meetings (1:25 p.m.) Four school districts in eastern Niagara County will be holding school board meetings next week.
- FRIDAY: Staffing agency opens payroll center in upstate NY (12:40 p.m.) Adecco, the world’s biggest staffing agency, is opening a new payroll operations center in suburban Rochester that will create 200 new jobs by 2010.
- FRIDAY: Ex-manager accused of theft from NY bowling group (9:58 p.m.) State police say a 54-year-old man stole as much as $200,000 from a state bowling association while serving as its manager.
- THURSDAY: AT&T expands 3G to NT (4:57 p.m.) AT&T Inc. is expanding its third-generation, or 3G, high speed wireless network many areas of Niarage and Erie counties.
- THURSDAY: Schumer to offer banks a deal (2:43 p.m.) Sen. Charles Schumer plans to offer a broad economic proposal for the government to offer a financial lifeline to those banks that are willing to renegotiate mortgages for those on the brink of losing their homes.
- THURSDAY: US woman killed in Yemen embassy attack (11:35 a.m.) The State Department has confirmed that a young American woman and her Yemeni husband were killed in a terrorist attack at the U.S. Embassy in Yemen.
- THURSDAY: Vegas detective tells of encountering O.J. Simpson (11:24 p.m.) When police detective Andy Caldwell heard that O.J. Simpson was a suspect in a robbery, he said he couldn’t believe it.
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LAY OFFS: Seneca Gaming Corp. to cut 210 jobs
The struggling economy has evidently caught up with the local gaming industry.
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