Hochul Sends Funds To Cities, Including $1.6M For Jamestown
New York’s fiscally stressed cities have been thrown a life preserver by state Gov. Kathy Hochul.
On Thursday Hochul announced an additional $150 million in financial assistance for municipalities outside New York City to assist in relieving immediate fiscal stress. This additional funding includes a $100 million increase in Temporary Municipal Assistance which will triple the amount of funding that all cities, towns and villages outside New York City receive from this aid stream.
“Having spent years in local government, I understand the unique challenges our local leaders are experiencing, which is why my administration has worked closely with municipalities across the state to increase financial support from the state,” she said. “We want all of New York’s municipalities to succeed, and this funding is crucial to putting all of our cities, towns and villages on stronger financial footing and allowing them to keep their residents safe and continue providing the vital services they rely on.”
Included in the funding is $1.6 million for the city of Jamestown.
The funding is distributed proportionally to existing Aid and Incentives for Municipalities funding — with the cities of Buffalo, Rochester, Syracuse and Yonkers each receiving the maximum amount of an additional $10 million. The Governor also set aside an additional $30 million for the City of Buffalo, bringing the total new investment for the City of Buffalo to $40 million. Additionally, the Governor is also including $20 million for fiscally distressed local governments. These new investments build upon the previous Executive Budget proposals where the Governor included an additional $50 million in Temporary Municipal Assistance to help local governments minimize the burden on taxpayers.
Not on the list was the city of Dunkirk, which received a $13.7 million loan from the state last June. That money is to be repaid with interest.
Earlier this week, Hochul announced $1.5 billion for New York City, which also is facing fiscal struggles.





