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Home > Leadership > City Comptroller > Press Releases

Press Releases

Fitch Upgrade
Nov-15-2016 — “We are thrilled to be in the ‘Double A’ category with Fitch,” said Buffalo Comptroller Mark J.F. Schroeder. “That shows that Wall Street has taken notice of the progress Buffalo has made, both in managing its finances and building its economy.”
$1 Million Street Light Refund
Mar-09-2016 — The City of Buffalo has been refunded more than $1 million by National Grid as a result of an audit of street light and electricity costs by Buffalo Comptroller Mark J.F. Schroeder.
Jan-01-2016 — Comptroller issues Popular Annual Financial Report
Open Book Buffalo
Dec-10-2015 — “From the big picture down to the small details, Open Book Buffalo shows how the city is spending its money, with whom, and for what,” said Schroeder. “It’s the taxpayers’ money – they deserve to know how it is being spent.”
Erie Basin Marina update
Jun-16-2015 — "This unscrupulous vendor thought they could get away with shortchanging taxpayers," said Schroeder. "Not on my watch."
Peer review audit
Dec-19-2014 — CPA firm says Schroeder’s department consists of “experienced, competent, and qualified professionals”
2014-2015 Budget
May-15-2014 — Too many question marks surround revenues in proposed budget, says Schroeder
Bond sale
Apr-16-2014 — 18 different bidders competed on combination of long-term bonds, short-term notes
S&P Upgrade
Mar-06-2014 — “A+” rating by Fitch and “A1” by Moody’s are maintained
Buffalo’s year-end financials show highest fund balance in city’s history
Dec-17-2013 — Comptroller Schroeder says increased reserves will be needed to cover upcoming expenses
Innovative investments help Schroeder increase the rate of return on city funds up to five fold
Nov-04-2013 — The comptroller is finding innovative new ways increase the rate of return on city funds with safe investments that earn as much as five times the amount of interest than the city currently makes in its bank accounts.
Schroeder selects firm to assist in street light audit
Oct-18-2013 — Buffalo-based Troy & Banks is national leader in utility audits
Erie Basin Marina operator owes Buffalo nearly $350,000 in rent, Schroeder’s audit finds
Sep-12-2013 — Contractor underpaid the city in each of the past five years; more than 20,000 gallons of gas unaccounted for
Schroeder testifies at state senate hearing on local governments
Schroeder’s financial report wins award
Jul-12-2013 — Buffalo Comptroller’s Comprehensive Annual Financial Report receives Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association
Schroeder warns of depletion of reserves, reliance on one-time revenues
May-10-2013 — Buffalo in strong financial condition, but dwindling fund balance could cause problems down the road, says comptroller
Schroeder uses innovative approach to reduce interest costs on capital borrowing
Apr-18-2013 — Short term notes, reduced borrowing will yield savings for city
Schroeder saves $11 million in latest debt refinancing
Apr-17-2013 — In less than a year, Schroeder has saved $62 million by refinancing old debt
Comptroller Schroeder sells bond saving taxpayers more than $800,000
Apr-09-2013 — Bond refinances old debt, reducing interest rates from 5.46 percent to 2.96 percent
Buffalo maintains “Straight A” bond ratings
Apr-02-2013 — Comptroller Schroeder says continued fiscal discipline is needed to maintain A+ from Fitch, A1 from Moody’s and A from Standard & Poor’s
Schroeder unveils Watchdog Hotline
Mar-08-2013 — Citizens encouraged to report waste, fraud, and mismanagement in city government
Schroeder recommends more accountability, transparency in audit of Council’s discretionary funds
Feb-27-2013 — Reforms would help ensure tax dollars are being spent properly
Buffalo’s year-end financials show fiscal health, but tough challenges lie ahead
Dec-31-2012 — Yearly use of fund balance to fill budget gap is unsustainable, according to comptroller
Schroeder surveys city departments on financial controls
Nov-08-2012 — Questionnaire will aid in determining, expediting future audits
Company gets 89 percent of city towing business with no bid process, audit finds
Oct-25-2012 — Parking meter revenues rise 38 percent after coin theft arrests
Fiscal Integrity Law Enacted
Oct-22-2012 — Legislation amends city charter to include four-year financial plan
Schroeder refinances more old debt, saving taxpayers another $14 million
Sep-21-2012 — Bond sale is the second refinancing of school debt this month
Schroeder saves taxpayers $6.6 million in interest costs by refinancing 2002 school bond
Sep-07-2012 — Bond sale lowers interest rate on old debt to 2.15 percent
Schroeder Issues Warning on Borrowing
Aug-02-2012 — City regularly borrows more than it is prepared to spend, says comptroller in annual debt report
Buffalo Control Board’s Shift to Advisory Role Seen as Credit Positive by Moody’s
Jun-05-2012 — In a weekly report to its clients, Moody’s Investor Services pointed to the Buffalo Fiscal Stability Authority’s shift from a “hard” control board to a...
Comptroller Schroeder Sends JP Morgan Chase a $45 Million Message
May-30-2012 — City Comptroller, addressing concerns of Common Council, pulls $45 million in sewer authority funds out of account with JP Morgan Chase...
Schroeder Releases Response to City Budget
May-11-2012 — Commends Mayor for improved bond rating, but warns against depletion of fund balance, parking fund “sweep,” and solid waste fund deficit...
Schroeder Unveils Buffalo Fiscal Integrity Act
May-03-2012 — Buffalo City Comptroller Mark J.F. Schroeder has unveiled the Buffalo Fiscal Integrity Act, a proposed amendment to the city charter designed to ensure the financial health of the city for years to come...
Schroeder works with UB to improve efficiency of Department of Audit and Control
Apr-25-2012 — In order to improve efficiency in Department of Audit and Control, Buffalo City Comptroller Mark J.F. Schroeder is working with experts at the University at Buffalo to examine the operations of the department’s three divisions.
Buffalo Sells Bonds at Lowest Interest Rates in City’s History
Apr-18-2012 — Comptroller Schroeder takes advantage of improved bond rating
Moody’s Upgrades Buffalo’s Bond Rating to A1
Apr-10-2012 — Comptroller Schroeder points to rating agency’s report citing “significant improvement of the city’s financial operations”
Moody’s Takes Notice of Momentum at Medical Campus
Feb-08-2012 — Comptroller Schroeder points to credit rating agency’s latest report as sign of progress in rebuilding Buffalo’s economy
Schroeder prioritizes fiscal discipline, continuity in first week as City Comptroller
Jan-06-2012 — Forti-Sciarrino promoted to first deputy comptroller