By Jill Terreri
Mayor Byron Brown's 2013-14 budget will be released at 3 p.m. today.
Brown has previously pledged that he will not raise taxes, so a tax increase is highly unlikely.
Major questions to be asked include how much of the city's unassigned fund balance will be used, which has been a concern for credit rating agencies, which otherwise think highly of the city's finances.
Other questions will center on whether the city's workforce will change, and whether property taxes are projected in future years. The city's four-year plan should also come out today.
Last year's spending plan was $482.6 million. Property tax revenues have been falling, and the city last year had $18.7 million in an advance of state aid that it won't have this year, meaning the city could have less revenue.
Council Majority Leader Demone Smith, who is an ally of the mayor's, said this morning that he hasn't seen it yet. In past years, the Council got a preview.
The Council met briefly at 11 a.m. this morning to accept the budget, but had to recess until 4 p.m. because it isn't ready yet.
The mayor is required to present a budget by May 1, and the Council has until May 22 to approve it, or it stands as presented.
Comptroller Mark J.F. Schroeder will issue a budget response by May 10.
The new budget year begins July 1.
taggedByron Brown | City of Buffalo | Demone Smith