Accardo Calls for Truth-in-Budgeting From Falls Mayor;
Says Cataract City is on the verge of insolvency

 

John Accardo understands business for unlike Dyster he has a business in the city and pays taxes here. John Accardo listens to people’s concerns. John Accardo is walking the streets on his campaign trail.

NIAGARA FALLS—Niagara Falls business leader and mayoral candidate John Accardo will address the City of Niagara Falls’ ongoing budget woes, which have plagued the city for far too long.

Accardo will present factual information which will highlight the current administration’s failure to follow proper budgeting practices, as well as begin to introduce "The Accardo Plan" which is founded on other cities successes, bold ideas, and a fresh perspective that will move Niagara Falls into a period of fiscal strength and growth.

Accardo said he plans to “shine a light on the past budgetary practices that have put Niagara Falls into a sink hole larger than any you can find on 72nd or 100th street.”

Accardo also sent a letter this week to the NYS State Comptroller, asking that he and his office take action to update his financial analysis that was prepared in 2013.

In that review, State Comptroller Thomas DiNapoli stated that the City administration used non-recurring revenues to fix the structural imbalance that could potentially force the rating agencies to downgrade or suspend the city's credit rating.

“Two years ago, the New York State Comptroller came to Niagara Falls, evaluated the city’s financial position, and concluded that the current administration’s budgetary procedures were in dire need of improvement,” said Accardo. “Two years later, Paul Dyster has completely ignored Comptroller DiNapoli’s directives, the city’s financial position is even worse, and the current mayor has no plan to rectify the city’s horrendous tax burden on the hard working people of this community.”