Erie County government ended 2016 with a positive balance of nearly $3 million, County Executive Mark C. Poloncarz said.
Most of that money is earmarked to pay the balance of the county’s contribution to Erie County Medical Center and to restore funding to the county’s risk retention fund. A balance of $300,000 would roll over into county savings.
Poloncarz attributed the year-end savings to careful budgeting, spending cuts and lower Medicaid costs.
“I am pleased to report that we are projecting the county ending fiscal year 2016 in the black, demonstrating once again my administration’s prudent fiscal management,” he said. “Erie County’s total annual operating budget is roughly $1.7 billion. Ending with a positive variance of any size demonstrates our continued financial progress and careful stewardship of the county’s checkbook.”
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