Falls, Salamanca under economic stress

December 11, 2012 Updated Dec 11, 2012 at 8:24 AM EDT

By WKBW News
By Business First

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December 11, 2012 Updated Dec 11, 2012 at 8:24 AM EDT

The state comptrollers' office has noted fiscal struggles in both Niagara Falls and Salamanca to begin a series of reports that will look at the many challenges faced by some cities across New York.

Thomas DiNapoli said Niagara Falls and Salamanca continue to be hampered by population loss, decreased property values and a significant decline in revenue. Those two municipalities also happen to be caught in a dispute between the state and Seneca Nation of Indians involving casinos. Because of that battle over whether New York state has violated terms of its casino-gaming pact with the Senecas, each locale has missed out tens of million dollars combined.

"The challenges raised in this report present major hurdles for our city. But we remain optimistic that our economic development activities, which are vital to attracting new business investment and new visitors to the city, will be accelerated once the state's dispute regarding casino revenues is settled. By reestablishing this vital revenue stream, Niagara Falls can begin to reverse the negative trends cited in Comptroller DiNapoli's report," said Falls' Mayor Paul Dyster.

The comptroller's report, which can be found here, also reports on population declines and the high poverty rates that have plagued each city.

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