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You are here: Home / News / Local News / City will be Reviewed State Financial Restructuring Board

City will be Reviewed State Financial Restructuring Board

March 25, 2014 By WRFA Radio Leave a Comment

JAMESTOWN – New York state will be sending help to Jamestown city hall to help the city find new ways to save money and make government more efficient.

According to a report in today’s Jamestown  Post-Journal, Mayor Sam Teresi announced Monday night that the city has been selected to be reviewed by a state Financial Restructuring Board.

The state board was set up last year by the Governor’s office to assist municipalities by offering advice on how to streamline government and reduce expenses. In December, the city requested assistance from the board in December and the mayor says he recently received word that the board will work with Jamestown.

The board will begin reviewing Jamestown operations during the next few months and will provide recommendations later this year. The city is under no obligation to follow any of the recommendations, although there is some financial incentive from the state should all recommendations implemented.

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Filed Under: Local News Tagged With: Financial Restructuring Board, Financial Restructuring Board for Local Governments, Sam Teresi

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