(Buffalo, NY, August 4, 2005) - - Democratic comptroller candidate Mark Poloncarz is casting a skeptical eye on Joel Giambra's "tobacco fix" for Erie County's current budget crisis.
Poloncarz has doubts about Giambra's deficit projection of $108 million, which falls $10 million short of State Comptroller Alan Hevesi's number of $118 million.
Refinancing the tobacco settlement will produce $110 million for this year's gap, but Poloncarz is worried about future years.
Poloncarz said, "This is the last time the county can engage in a one-shot measure such as this, because the tobacco money that was used to cover the 2005 deficit, or almost all the deficit, depending, again, on whose numbers you believe, no longer remains."
Poloncarz says that means no tobacco proceeds are left for the Bass Pro or waterfront projects.