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Buffalo Proposes 25% Tax Hike to Address $109M Deficit

3/25/2026

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Summary

Story summary

Sean Ryan, mayor of Buffalo, proposed a 25% property tax increase and a borrowing cap of up to $500 million through the Buffalo Control Board.
Ben Swanekamp, deputy mayor of Buffalo, said the city aims to address a $109 million deficit by pursuing overdue taxes, fees, and fines.
The administration weighs alternatives to a costly parking ramp that would incur more than $20 million in interest over 20 years.

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Story summary

Sean Ryan, mayor of Buffalo, proposed a 25% property tax increase and a borrowing cap of up to $500 million through the Buffalo Control Board.
Ben Swanekamp, deputy mayor of Buffalo, said the city aims to address a $109 million deficit by pursuing overdue taxes, fees, and fines.
The administration weighs alternatives to a costly parking ramp that would incur more than $20 million in interest over 20 years.