Tag: financial house

    Niagara Falls facing major financial trouble

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    From WGRZ Channel 2 in Buffalo:

    A draft of an audit being prepared by the Office of the New York State Comptroller calls into question the budget and spending policies of the City of Niagara Falls and warns of potentially dire financial circumstances for the Cataract City unless officials there “take immediate steps” to get their financial house in order.

    The draft report notes the administration of Mayor Paul Dyster’s pattern of using casino revenues — which have steadily decreased in recent years — to balance the city’s budget, despite warnings against using so much of the casino revenues to do so.

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