State Senator Rob Ortt (R,C,I – North Tonawanda) and Assemblyman Angelo J. Morinello (R,C,I, Ref – Niagara Falls) today issued the following statement. Click here for the Financial Restructuring Board’s report.

“There are two key takeaways from today’s announcement by the Financial Restructuring Board. First, the board delivered a forthright assessment of Niagara Falls’ government and the dire circumstances facing city taxpayers. Make no mistake about it, we’re here because – for decades – every time the city had to make an important decision, they punted or they fumbled. Second, today offers city residents and officials a new start. The valuable recommendations put forth should serve as a starting point and blueprint for a systematic restructuring of city operations. Without drastic changes, the city is heading for a financial control board. Only when we abandon the failed policies of the past can we secure a bright future for Niagara Falls families and businesses.”