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Buffalo could raise property taxes by 25% in 2026/27 to cover a $109 million deficit, pending budget approval.
Buffalo may face a 25% property tax levy increase in 2026/27 to address a $109 million budget shortfall, with Mayor Sean Ryan citing a $1.8 billion structural deficit and depleted reserves.
While Buffalo’s tax rates remain moderate compared to other major New York cities, residents expressed concern at a public hearing over potential hikes exceeding the state’s 2% cap, urging protections for low- and fixed-income households.
The final tax impact will depend on the mayor’s April budget proposal and Common Council approval by May 22.
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Buffalo podría aumentar los impuestos a la propiedad en un 25% en 2026/27 para cubrir un déficit de $109 millones, a la espera de la aprobación del presupuesto.