City council votes against joining state’s Financial Restructuring Board for Local Governments advisory program

[From Niagara-Gazette.com]

The Niagara Falls City Council has rebuffed Mayor Paul Dyster’s effort to enter the city into a financial restructuring advisory program with the state.

The city council voted unanimously to defeat a measure from Dyster that would have allowed him to enter the city into the state’s Financial Restructuring Board for Local Governments advisory program. The recently-created 10-member board reviews the financials of participating municipalities and provides recommendations for the local governments in their efforts to fix short-term financial problems and correct structural deficit issues going forward…

READ THE REST OF THE STORY HERE: http://www.niagara-gazette.com/local/x517505584/City-council-votes-against-joining-states-Financial-Restructuring-Board-for-Local-Governments-advisory-program