Buffalo Control Board

When the city of Buffalo recently found itself with a cash flow deficit, officials were able to cover the gap by using funds from the Buffalo Public School District. Geoff Kelly of Investigative Post adds this to a growing list of questionable budget practices, notably the use of cash reserves to cover previous budget deficits.

Mike Desmond / WBFO News

One of Western New York's most powerful business and civic leaders has died. Robert G. Wilmers, the CEO and chairman of M&T Bank, died unexpectedly Saturday night in New York City.

Control board expected to reduce role

May 15, 2012
WBFO News file photo

Buffalo's control board appears ready to relinquish much of its power over the finances of City Hall and the Buffalo School District.

With local public finances in crisis in 2003, the Buffalo Fiscal Stability Authority was created to grab control of collective-bargaining agreements and other large-scale expenditures.

In its current "hard" status,  panel approval is needed for any expenditure over $50,000.