News Release - Statement by Mayor Thomas S. Richards on Governor Cuomo’s Proposed Financial Restructuring Board

City of Rochester

News Release

(Tuesday, May 14, 2013)—The Governor’s proposed Financial Restructuring Board is yet another acknowledgement that the financial distress facing cities is structural and real. In particular, the Governor’s announcement underscores the disparity in Aid and Incentives to Municipalities (AIM) funding received by Rochester as compared to the rest of the upstate cities. I thank him for his attention to our situation and for another opportunity to make our case to the state. It is our contention that cities like Rochester, much like school districts receive, need a broader base of support than just property taxes. We will anxiously look into the Proposed Board to see if there are new ideas, strategies and perhaps funding to help Rochester.


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