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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condition was deteriorating and financial information available to municipal bond investors was either incomplete or outdated.”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

In a little-known chapter of New York City’s history, the name of police officer Phillip Cardillo is spoken in hushed, revered whispers. Though he was tragically killed in the line of duty back in 1972, the burning embers of his memory are still fanned by a passionate few who wish to finally obtain for the fallen hero the elusive recognition that he truly deserves.

At their Oct. 8 meeting in Mineola, the Nassau County-based Association of Retired Police Officers (ARPO) held a heartfelt ceremony, as both Cardillo as well as the driven NYPD detective who has fought for justice in his name for the past four decades, were honored as the true heroes that they are.

In what was their last free meeting at the Community United Methodist Church of East Norwich, the East Norwich Civic Association presented a money saving/energy saving program. It was presented by Marriele Robinson of the Homeowner Support PowerUp Communities group, an outreach of the L.I. Progressive Party. She came to offer free energy evaluations of homes to make them more energy efficient, which will save money.

She said Poor Richard’s Almanac promises it to be very cold this winter, and this is a way to plug up your energy leaks, with both current savings on needed work and through rebates resulting in future savings. After an energy assessment of your home, PowerUp will present you with a report based on their contractor’s assessment, which will outline all the ways you can improve your energy efficiency. The report will include all the potential rebates to reduce the cost of the upgrade which includes the option of financing through PS&G, which will include the monthly payments in your monthly bill.


Sports

A number of awards were given to runners in the Oyster Bay-East Norwich area at the Oct. 18 Oyster Bay Town Supervisor’s 5 Kilometer Run, including 23-year-old Justin Nakrin of Oyster Bay, who finished in 12th place overall and second in the 20-24 age group, and 43-year-old Daniel Valderrama of Oyster Bay, who scored in 17th place overall and second in the 40-44 age group. Maggie Reid of Locust Valley earned first place honors in the 15-19 age group.

The indomitable 81-year-old Nina Jennings of Mill Neck was the oldest woman to finish the run, taking first place honors in the women’s 80-84 age group in 35 minutes, 11 seconds, a pace of 11:19 per mile. She was the fastest of all of the five finishers—male or female—who were 80 years old or more.

The autumn varsity sports season is well on its way in Oyster Bay. Many young athletes have distinguished themselves. Several fine young athletes excelled right out of the gate and were chosen by the Oyster Bay Hight School coaches as Athletes of the Month for October 2014.

Cross Country Coach Kevin Cotter has athletes who consistently qualify for the states. Picking one to honor is a difficult task. Within this impressive group of talented athletes, one stands out: junior Alex Tosi, who recently broke the 17 minute barrier for a 5K course at Bethpage State park with a time of 16:52. This feat has not been accomplished since 2008.


Calendar

Ghastly Grounds

Thursday, October 30

Trick Or Treat

Friday, October 31

Long Island Baroque Ensemble

Sunday, November 2



Columns

1959: The Year The Music Stopped Playing
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The Eccentric Heiress Of ‘Empty Mansions’
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