The Erie County Legislature last week approved asking its control board to borrow money on the county’s behalf. The Erie County Fiscal Stability Authority is set to market $170 million of tax-exempt bonds in May to finance new capital spending and to take out $103 million of bond anticipation notes.

Roosevelt and Cross Inc. will underwrite the bonds, which will be marketed as serials out to 13 years. Phillips Lytle LLP is bond counsel and Capital Markets Advisors LLC is financial adviser.

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