"The city doesn't have any margin for error this year because of our depletion of fund balance over the past 3 years. We have a number of accounts that are running deficits right now but on the flip-side, we have many more accounts with sufficient balances left. The public at large should not be alarmed right now," says Peter Fiorillo,Utica's Budget Director.
New York State Comptroller Thomas DiNapoli will be in Utica tomorrow morning at 10 to release a fiscal profile of Utica. He'll be joined by Mayor Palmieri to discuss his report and the challenges the city is facing.