Niagara County Treasurer David S. Broderick announced Sunday he is running for his 11th term.
The Lewiston Republican is expected to be challenged by former Niagara Falls city controller Patrick D. Brown, a Democrat, in the November election.
The title and term length of the office have varied since Broderick was first appointed as the county's chief fiscal officer by Gov. Nelson A. Rockefeller in 1971. This year's race is for a four-year term.
"My office has worked very hard to make sure that Niagara County has not made the mistakes that other counties in the state have," Broderick said. "We have taken advantage of the significant drop in interest rates by refinancing and paying off debt to insure the county's cash position."
The county has paid off almost all of its debt twice in the past five years by issuing bonds backed by revenue from the nation's cigarette makers. However, the County Legislature is expected to approve more than $4 million in further borrowing for major road and building repairs and equipment purchases later this year, after approving a batch of projects last week.
"My experience and understanding of financial markets has helped the county continue to meet its obligations for the benefit of all Niagara County taxpayers," Broderick said. "I look forward to working with our elected officials at all levels of government to make sure Niagara County's finances are solid."
The figures for 2005 aren't in yet, but at the start of last year the county had an unappropriated surplus of $13.8 million. The Legislature did not vote to spend anything from the surplus in 2006.
Broderick, 67, served two years in the Marine Corps in the 1950s and then earned a degree from Niagara University. After working for the former Marine Midland Bank for eight years, he accepted Rockefeller's appointment as treasurer.
The New York State County Treasurers and Finance Officers Association named him Finance Officer of the Year in 2002.
Financial data on file at the Niagara County Board of Elections showed Broderick starts almost from scratch in the campaign money race, with only $226 in his kitty as of Jan. 11. Brown has filed paperwork to set up a campaign committee but doesn't have to report on its fund raising until July 15, Democratic Election Commissioner Nancy L. Smith said.