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The Real State of Nassau's Finances

George Maragos continues to mislead the public by falsely claiming that the county’s financial condition has improved on his watch. During Mr. Maragos’s tenure as Nassau County’s fiscal watchdog, the county has undergone three bond downgrades by the credit rating agencies, the county’s fiscal outlook has been lowered from “stable” to “negative,” and the county’s debt has reached a new all-time high. No amount of “cooking the books” and issuing misleading financial statements and press releases can hide this truth, a truth which can be easily verified by outside sources.

As a Certified Public Accountant and former Nassau County Comptroller, I can see through the blatant attempts by Maragos to cook the books to produce the result he wants instead of the result that is truthful. The problem is that voters are disillusioned by the back-and-fourth of political campaigns where one side makes one claim and the other side counters with the opposite take. If voters don’t know who to believe, they should look at what independent, outside sources have to say about the county’s finances.

If the county’s finances are so rosy, then why did the Nassau Interim Finance Authority (NIFA) have to impose tough oversight on the county’s finances? Ronald Stack, the chairman of NIFA remarked at a July 2013 meeting, “To the county officials who believe there is a surplus, would they please call me so I can hold an emergency meeting of the board so we can lift controls?” To date no one has called.

On Sept. 4, 2013 The Wall Street Journal published an investigative piece that highlighted how a controversial judge’s order sought by the Republican county attorney allowed the county to hide outstanding liabilities to turn its 2012 $45 million budgetary deficit into a surplus on paper. When pressed, the county attorney acknowledged that he “knew it would affect the budget.”

The editorial board of Newsday published a piece on June 12, 2013 with the headline, “Don’t buy Nassau’s financial window dressing.” In the editorial, Maragos was skewered when the editorial board stated, “…while the surplus is a fiction, the county’s financial woes are all too real. In the real world, and according to generally accepted accounting principles, the county had an $85-million deficit last year.”

Even if you don’t trust the collective wisdom of the chairman of NIFA, The Wall Street Journal, and Newsday, take a moment to consider what George Marlin, the 2009 chairman of Conservatives for Ed Mangano and a NIFA Board member had to say. Marlin said, “The County Comptroller’s declaration that Nassau ended fiscal year 2012 with a “miraculous” surplus (as claimed by Maragos) was absurd. It was a mirage, not a miracle.” Marlin continued, “Let’s face it, the County has forfeited its credibility when it comes to fiscal matters”

Maragos claims that the growing liability for property tax refunds has been addressed is totally unsupported. Just this week, on Sept. 8, 2013, Newsday reported that claims for refunds have reached an all-time high. The county policy of freezing home values in a declining housing market has made the problem worse. And granting 90 percent of the challenges have transferred the County’s liability to the backs of taxpayers.

Politics can be a tough business where people levy accusations back and forth to gain electoral advantage. The sad truth is that our county is in deep financial distress and instead of seeking solutions, people like George Maragos distort the truth and refuse to even acknowledge that a problem exists. It is necessary to restore confidence in the county’s financial reports before we begin the task of repairing the county’s finances.

News

North Shore-LIJ’s Cushing Neuroscience Institute (CNI) recently announced that Garden City resident Richard E. Temes, MD, MS, has been appointed director of the Center for Neurocritical Care at North Shore University Hospital and assistant professor of neurology, neurological surgery and internal medicine at the Hofstra North Shore-LIJ School of Medicine.

“Dr. Temes is a nationally recognized leader in neurocritical care and we are delighted to have him on board to spearhead our efforts in further expanding the neurocritical care services program,” said Raj K. Narayan, MD, chair of neurosurgery at North Shore University Hospital and Long Island Jewish Medical Center and CNI’s director. For the past seven years, Dr. Temes served as director of the neurocritical care program he founded at Rush Medical Center in Chicago, Ill. He also served as the hospital’s medical director of the Neuroscience Intensive Care Unit and as director of the Therapeutic Hypothermia Service. Under Dr. Temes’ leadership, he established Rush’s neurological emergencies transfer center, which grew to transfer 1,200 patients annually from over 30 institutions throughout southern Wisconsin, Illinois, Indiana and western Michigan.

‘Landscape-altering’ bug creeping north

It’s a cute little ‘bug.’ What it represents, however, is anything but cute.

An unusual-looking Volkswagen is toodling around Long Island this month. Painted to resemble the Asian longhorned beetle (ALB), the VW Beetle is part of efforts by the US Department of Agriculture to eliminate the pest, which can destroy 70 percent of an area’s tree canopy, according to the agency. Initially, officials held hope for complete eradication from about 23 square miles of the Island designated as infested or at risk by 2016. Instead, this “landcape-altering pest” is spreading.


Sports

Garden City falls to Brentwood

after beating Farmingdale

The Farmingdale Baseball League recently capped off its fourth annual 9/11 baseball tournament with a series of championship games, to ultimately determine which Long Island town reigns supreme. On Aug. 16, teams from 8U to 14U fought tooth and nail for the ultimate prize.

One of the most exciting games was the evening 14U championship match-up between the Garden City Warriors and Brentwood Braves.

Fall Roller Hockey Programs Announced

The Garden City Recreation and Parks Department will once again offer various roller hockey programs this fall for both youth & adults who reside in the Inc. Village of Garden City. Whether you played in the past or looking to get involved, there is no better time to sign up and experience all the fun. All programs take place at the roller rink located at Community Park. Please note at this time, the recreation department is just announcing its programs. Fees and registration information will be announced at a later date.

This season, the roller hockey programs are broken down into grades. Please pay careful attention as grades and dates/times have changed:


Calendar

Alice in Nanoland

Thursday, August 28

Nature’s Nighttime Noises

Saturday, August 30

Art With A French Twist

Thursday, September 11



Columns

1959: The Year The Music Stopped Playing
Written by Michael A. Miller, mmillercolumn@gmail.com

The Eccentric Heiress Of ‘Empty Mansions’
Written by Mike Barry, MFBarry@optonline.net

Yellow Margarine And A Pitch For The Ages
Written by Michael A. Miller, mmillercolumn@gmail.com