GOP New York State Comptroller nominee Joseph Hernandez’s campaign published a press release yesterday responding to Moody’s Investors Service decision to change Buffalo’s credit outlook from “stable” to “negative.” The campaign attributed the downgrade to what it called two decades of fiscal mismanagement in the city.
In the release, the campaign criticized Mayor Sean Ryan’s recent property tax action, saying the mayor implemented a 19% property tax increase that broke the state property tax cap. The statement called for accountability for city fiscal decisions.
The campaign said Hernandez would enforce the state’s property tax cap and audit any funding directed into Buffalo if elected comptroller. The campaign also indicated Hernandez is available for in-person interviews on Friday morning.
The campaign’s full release is posted online at the campaign website.
