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Niagara Falls eligible for new form of state aid

The City of Niagara Falls is among several hundred municipalities across the state deemed eligible to apply for a slice of $80 million in aid for financially distressed local governments.

The Fiscal Restructuring Board, which was established this year, will have up to $80 million available in allotments of up to $5 million. The 10-member board will make recommendations for fiscal management improvements, which a municipality must accept in order to receive the aid.

The Falls was deemed eligible because of its tax rate.

Mayor Paul A. Dyster said he plans to ask the City Council to approve a request for assistance from the board.

Capitol Confidential has the full list of which municipalities made the cut.

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