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Letter: A Work of Fiction?

Earlier this month Comptroller George Maragos mislead the public during his announcement of the county’s 2012 year-end financial results. Publicly releasing the County’s year-end fiscal results is one of the primary responsibilities of the Comptroller and typically occurs in February or early March. Every year Maragos has been in office he has delayed the release — this year pushing it to June — in effect creating his own timeline. This raises serious doubts about the County’s financial condition and represents an abdication of responsibility by the Comptroller. It is my firm belief that Maragos’ announcement of the year-end financial results is a work of fiction.

It is the Comptroller’s job to issue honest, timely, and accurate financial reports rooted in reality, not to play the role of fiscal Houdini by fudging the numbers to hide a deficit. The rating agencies aren’t buying these misleading statements, and just this month Fitch downgraded Nassau County’s bond status given the poor state of the county’s fiscal health.

What Maragos conveniently excluded in his year-end results for fiscal year 2012 is the hundreds of millions of dollars owed by the county to taxpayers who successfully challenged their property tax assessment. The report also irresponsibly assumes that Nassau County will receive the maximum reimbursement of the county’s expenses associated with the aftermath of Superstorm Sandy.

The Securities and Exchange Commission recently charged the city of Harrisburg, PA with securities fraud for “making misleading public statements when its financial condition was deteriorating and financial information available to municipal bond investors was either incomplete or outdated.” The current administration can no longer mislead voters by borrowing billions for short-term gain, pushing bills onto future generations, ignoring potential liabilities that the county is legally-required to pay, and then pretending to have a surplus. Nassau residents and bond holders need to know the true state of this County’s finances, and we need to know it now — before we become another Harrisburg.

Under the Suozzi administration, the County experienced eight verified surpluses and eight balanced budgets, thirteen bond upgrades (more than any other municipality in America), and county finances that NIFA and the rating agencies described as “stable”. Since 2010, Nassau has experienced three bond downgrades, the largest deficit in recent memory and a negative outlook from the rating agencies. These issues create a hole in the financial results large enough to drive a truck through. If this were part of an accounting exam, Maragos would receive an “F.” Nassau voters deserve honesty from their elected officials and it’s time Maragos tells the public the truth about the state of our County’s budget.

Howard Weitzman served as Nassau County Comptroller from 2001-2009 and is currently running for that position.

Howard Weitzman

News

If you missed the 6th annual champagne party at Coe Hall in Planting Fields, put it on your calendar for next year, because this is the party of the summer. A total of 175 guests attended, and many of them were in costume, a new addition to the popular champagne party. The always ebullient Henry Joyce, executive director of Planting Fields Foundation, greeted his guests with his date Daphne, a 3-month-old long haired Dachshund, who is a companion for his Great Dane, Lucy.

An expert’s tips on bringing the

best of your garden into your home

Right now, Oyster Bay is in bloom. From the well-tended gardens of Planting Fields to unmowed patches near the Shu Swamp preserve, flowers are not just beautify our community, they also are calling out to us to bring them inside our homes to add color and fragrance. You don’t hear them? Trust me, the flowers in your garden are even calling you by name.

But don’t just stuff a bouquet in a vase. Make them look as good and last as long as possible. To find out how to do that, as well as how to improve your backyard flora, I asked Scott Lucas, the greenhouse supervisor of Old Westbury Gardens for some advice. He invited to join him in his cutting garden.


Sports

Kevin Mercier, 39, of Oyster Bay, led a large contingent of local runners in the Lynne, Gartner, Dunne & Covello Sands Point Sprint 5 Kilometer Run, held on the grounds of Nassau County’s Sands Point Preserve on Saturday morning, Aug. 9. Mercier was the 18th finisher overall and third in the 35-39 age group with a time of  21 minutes, 7 seconds.

Other local runners winning awards at the Sands Point Preserve were Nicholas Cuddy of Oyster Bay, who earned first place honors in the Clydesdale Weight Division with a time of 25:53, Joanne Gallo of Oyster Bay, who  took home the first place award in the women’s 65-69 age group with a time of 28:11, and Anja Hermann of Oyster Bay, third place woman in the 20-24 age group, who finished in 28:47.

Theodore Roosevelt Memorial Park in Oyster Bay will once again be the site of the Long Island’s premiere multisport event – the 27th annual Runner’s Edge - Town of Oyster Bay Triathlon on Saturday, Aug. 23, and the Runner’s Edge – Town of Oyster Bay Junior Triathlon for youngsters ages 8-13 on Sunday, Aug. 24.

The Saturday main event is a “sprint” triathlon, which consists of a half-mile swim in Oyster Bay harbor, a one loop 15 kilometer bike ride over hill and dale through beautiful Oyster Bay, Oyster Bay Cove and Laurel Hollow, and a 5 kilometer run through Mill Neck and Brookville, “up” to Planting Fields Arboretum and “down”to the finish at back at  Roosevelt  Park.


Calendar

Bayville Car Show

Friday, Aug. 22

Junior Triathlon

Sunday, Aug. 24

Historic Church Service And Tour

Sunday, Aug. 24



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