Governor Spencer Cox is proposing a $30.7 billion budget described by his Office of Planning and Budget as a “stay the course” plan. The new fiscal approach includes no income tax cut and is set to take effect when the next fiscal year begins in July.

As a significant deficit casts a shadow over Buffalo’s finances, city leaders are racing against a looming deadline to finalize the 2025-2026 budget. The urgent measures taken now will shape the city’s fiscal future.