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'An audit just completed by Hevesi's office projects a $118.4 million budget deficit for the current fiscal year, despite the elimination of 1,500 jobs and severe cuts in programs and services earlier this year.

 

The deficit threatens to grow to $279 million in 2010, auditors said.

 

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He also cited "misleading and inaccurate budget numbers" that he said overestimated projected sales tax revenues and underestimated the cost of fringe benefits, salaries and other employee costs for 2005.

 

"Erie County has been systematically violating the fundamental rules of responsible financial management," Hevesi said.

 

http://timesunion.com/AspStories/story.asp?storyID=367479

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  • 2 weeks later...
I'm sure the State pension fund, Medicaid and Welfare have nothing to do with it. It's all the locals.

 

Keep perpetuating the hysteria.

362969[/snapback]

 

Exactly Mark...

 

On another note: Bill you are gonna love this one... <_<

 

[sarcasm on]

 

I am all for raising BillInNYC's energy bill when they ship power from the falls to NYC. Give the locals on the Niagara Frontier a break and jack up the electric prices for NYC... Even know the falls isn't in Erie County, they can still help the local area.

 

[/sarcasm off]

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