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City of Buffalo
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
New York
County
Erie County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Buffalo maintained a positive net position of $117.8M, demonstrating financial stability. Total assets of $764.1M compared to liabilities of $620.8M indicate balanced fiscal standing, yielding a coverage ratio of 1.23. The government recorded an operating deficit of $31.6M, as spending of $608.2M outpaced revenues of $593.8M. At -5.3%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.