Press Release: Buffalo Bond Sale Demonstrates Financial Stability.

2010-07-21T15:45:00.000-07:00

The New York State Comptroller Thomas DiNapoli announced yesterday that the State’s operating fund lost an epic $87 million in the first quarter of this fiscal year. "Three-and-a-half months into the state fiscal year, the budget still isn't fully done and there's no financial plan." DiNapoli said. “And nothing has been done to reform the budget process." This is only the second time in history that such a loss has occurred.

At the same time, the City of Buffalo reported that for the first time in 23 years it has held a competitive bond auction. Buffalo’s A+ credit rating has given it high staus in the municipal bond market, and large banks lined up for a chance to buy the highly rated bonds. The auction of the bonds will give the City nearly $30 million for city improvements.

North District Common Councilmember Joseph Golombek, Jr. sees the continuation of a theme in yesterday’s news. “The politicians in Albany continue to run this state into ruin with their irresponsiblity and corruption. As the incumbents take the summer off to raise money for their campaigns, the budget is 109 days late, and nothing is being done about it. Every single day the situation looks worse for New York.” On the topic of Buffalo’s greatly improved financials, Golombek continued: “The A+ credit rating given to the City is a strong indicator of just how well we have done by cutting spending. Fiscal restraint and responsible governance are clearly what are needed to make a government function. The waste, inaction and profigality of the incumbents in Albany are a disgrace and embarrasment to this state.”

Elected to the Buffalo Common Council in 1999, Joe Golombek has a record of reform, having helped downsize the Buffalo Common Council, reduced the budget of the Council by nearly 40%, and fought to impose term limits on elected City officials. He is running for Assembly to help Buffalo by reforming Albany. His platform includes the right of constituents to recall their elected officials, term limits for state legislators, and mandating pay reductions of legislators for each day the budget is late.

Golombek Files Over 3,500 Democratic Signatures

2010-07-19T15:21:00.000-07:00

On Monday July 12^th 1:00 p.m. at the Erie County Board of Elections(134 W. Eagle Street, Buffalo) Joseph Golombek, Jr. will file Democratic and Conservative Party nominating petitions for the 144^th State Assembly seat.

“My message that reform and change is needed in Albany has received strong support in Buffalo and Grand Island” stated Joe Golombek. To qualify for the Democratic line, Golombek needed 500 signatures, and he will be filing more than 3,500 signatures.

“People are fed up with the state budget being more than 100 days late. In his twenty years of being in Albany Sam Hoyt has passed one budget on time. In any other job if you can’t complete your work on time you would get fired” said Golombek.

Support for Golombek’s campaign continues to grow as evidenced by the number of lawn signs going up and the recent endorsements of Golombek by the Independence and Conservative parties.

Golombek For Reform

Press Release: Buffalo Bond Sale Demonstrates Financial Stability.

Golombek Files Over 3,500 Democratic Signatures