Written by George Maragos Friday, 04 January 2013 00:00
The adopted $2.8 billion Nassau County budget for fiscal year 2013 represents a 0.2 percent decrease in spending compared to the 2012 budget. For the third consecutive year, the budget holds the line on property taxes with no increase.
The budget is fiscally conservative containing only $60.1 million of revenue and expenditure items considered as having risk. This is the lowest amount of budgetary risk in over four years. The $60.1 million at risk is comprised of $39.1 million in possible lower revenues and $21 million in possible higher expense. This level of risk is about 2 percent of the total budget and should be manageable.
Using Generally Accepted Accounting Principles (GAAP) as defined by the Nassau County Interim Finance Authority (NIFA), the projected risk is $125.1 million. However, the NIFA GAAP risk still represents an 11 percent improvement over 2012 and a 32 percent improvement from 2009. The distinction between the risk as presented under the budgetary basis and the NIFA GAAP basis is attributable to the different treatment of certain revenues and expenses. NIFA GAAP excludes certain income from investments, bond premiums and bond proceeds used to pay expenditures.
The adopted 2013 budget continues the improving fiscal trends established over the last three years by:
• Reducing the Structural Gap to less than $35 million, an 86 percent improvement from the peak in 2009 of $252 million;
• Controlling spending to just 1.3 percent over recurring revenues, the lowest margin since 2004;
• Reducing borrowing to $140 million, approximately 44 percent lower than the average annual borrowing over the prior 5 years, primarily for capital project investments.
The principal budgetary challenges facing the county are its low fund balance, which stood at $40.5 million at the end of 2011, the continuing skyrocketing pension contributions, and the unrelenting increases in state and federal mandated costs. At the same time, the county revenues are essentially flat due to the weak economy. The rating agencies have noted these challenges, evidenced by a Moody’s downgrade in October. The administration, NIFA and the legislature need to work together to address these growing challenges in 2013 and beyond.
Saturday, 27 September 2014 00:00
As I tried to make my way through the unforgiving monsoon season, rain pouring as far as the eye could see, dodging puddles I rushed inside the school building. The guard yelled in the background for the children to come in quickly before they dragged in even more mud inside. Trying hard not to slip on the wet dirty floor, I pondered to myself what
exactly I was doing here. The words of Mahatma Gandhi resonated inside my head, “The best way to find yourself is to lose yourself in the service of others.”
Here I was at a school in Mumbai India, 7800 miles from my home in Mineola, volunteering with “Aseema,” a non-governmental organization whose mission is to empower and educate the under privileged children. Children living on the streets or in slums and in inhuman conditions.
Friday, 26 September 2014 00:00
East Williston resident Brian Advocate-Ross addressed the Village of East Williston Board of Trustees earlier this month about an alleged drug problem at 386 Roslyn Rd. Advocate-Ross lives next to the house, and alleged to the village that there is “abundant drug use going on there—they’ve got people coming and going all day long, parking all over the place, and I have a little museum of drug paraphernalia that they throw over the fence.”
Advocate-Ross, who said a school two blocks away from the house, is primarily concerned about the safety of his four young children, and said he has called the police at the Third Precinct numerous times and expressed disappointment.
“I’m tired of calling them, they do nothing,” Advocate-Ross said. “My 6-year-old is finding what they throw over the fence and bringing them to me. I’m not going to tolerate it.”
The Third Precinct declined to comment.
Thursday, 25 September 2014 00:00
The Mineola Mustangs varsity football team defeated the Roosevelt Roughriders 47-38 on Saturday, Sept. 20.
Senior quarterback James Gerstner led the Mustangs (2-0) to victory by rushing 212 yards and securing five touchdowns on 23 carries. He also completed 11 of 13 passes for 229 yards and one touchdown.
“This was a big game—we were ready and pumped up all week,” Gerstner said. “We came in ranked third but we knew we could beat them.”
Thursday, 25 September 2014 00:00
The Mineola Varsity Football team’s defense dominated Valley Stream South, winning 21-0 on Sept. 13. The Falcons never got further then Mineola’s 30 yard line. The defense was lead by senior linebackers Eric Guardado (8 tackles 6 assist), Ed Hincapie (6 tackles, 5 assist) and safety John Clancy (tackles, 3 assist).
Defensive linemen Anthony Sarno, Luigi Athan, Victor Tineo, Matt Lafaye and Chris Brenes controlled the line of scrimmage. Defensive backs Peter McCormack and Chris Lockwood played very well as they combined for eight tackles and only allowed two pass completions. Linebacker Kyle Dunleavy, Ben Carbone, Matt Kosowski and Brian Smith also played very well.