Niagara Gazette

Local News

August 15, 2013

Casino cash expected soon

(Continued)

Niagara Gazette — Those plans do not involve any administrative or operational costs, as the city is barred from using casino funds for those purposes. The allocation of the funds will be an open process and the capital plan will be presented to the city council, Brown said.

"Every dollar of casino money needs to be approved by city council," Brown said.

Dyster said the June announcement of the end to the casino cash dispute "lifted the weight" off the shoulders of city officials because they knew they would be paid in the coming months.

And now money will arrive - transferred electronically - any day.

"This is the actual implementation of what we knew was going to happen," Dyster said.

Without an end to the resolution - something Dyster maintained would happen by mid-year despite concerns raised by city council members and members of his own administration - the city would have run into cash flow issues this fall.

Dyster said passing payments through to the entities that have been waiting since the end to the dispute was announced, including the hospital, school district and others - will be a top priority once the funds show up.

The city knows what it feels like to be waiting on a payment, Dyster said.

"We have a responsibility to pay the other stakeholders that are recipients," Dyster said. "We're going to try and make sure the funds are delivered to them as soon as possible after they are delivered to our account."

Contact reporter Justin Sondel at 282-2311, ext. 2257

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