Friday, 12 July 2013 00:00
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condition was deteriorating and financial information available to municipal bond investors was either incomplete or outdated.”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.
Saturday, 29 November 2014 00:00
At the Tuesday, Nov. 18, Oyster Bay-East Norwich board of education meeting, Superintendent Dr. Laura Seinfeld said that the OBEN schools are partnering with local organizations to form a Community Advisory Board to deal with issues affecting the youth of Oyster Bay-East Norwich. The Community Advisory Board was initiated by the Youth and Family Counseling Agency of Oyster Bay-East Norwich. The Rotary Club, Chamber of Commerce, Boys and Girls Club, Library and houses of worship will come together with the OBEN schools in this effort.
Assistant Superintendent for Curriculum, Instruction and Assessment Dr. Lisa Mulhall spoke about some new courses that will be offered at the high school, including an exercise science course that will carry physical education credits from Adelphi University and a college level engineering course. These courses will be offered in conjunction with the State University of Stony Brook.
Friday, 28 November 2014 00:00
This holiday season, Oyster Bay will once again be home to unique, homemade, scrumptious confections from The Chocolate Lady, in the form of a mobile chocolate boutique set up at Buckingham Variety Store on Audrey Avenue. She arrived on Sunday and plans on staying throughout the holidays, and possibly longer.
“I have been developing this concept for the last year and a half and am excited to be coming home to Oyster Bay for this year’s holiday launch,” says Lee Perrotta, aka The Chocolate Lady, who had her shop across the street from Buckingham’s for about five years before she was forced to shut her doors on Christmas Eve in 2012 due to excessive water damage at the rental space.
Friday, 28 November 2014 00:00
Long Island Lutheran High School senior Samantha Horton of Oyster Bay signed a National Letter of Intent to attend Siena College and compete on the Girls Division I Lacrosse Team in the goaltender position next year. Samantha will be receiving a full athletic scholarship. Horton is pictured with her family.
Thursday, 27 November 2014 00:00
On the weekend of Nov. 8, the Oyster Bay High School Boys and Girls Cross Country teams traveled to the State University of New York at Canton just a few miles from the Canadian border to compete in the New York State Cross Country Championships.
Alex Tosi became the first Bayman since Joe Jazwinski and Justin Nakrin (2008) to become All-State, placing 16th with a time of 16:53. Most runners ran about 20 seconds slower than their Bethpage times because of the muddy conditions on the course. Tosi’s time was basically equivalent to his best Bethpage time, as he powered through the toughest parts of the race. He led the Baymen to a seventh place finish in the Class C race, an improvement from their 11th place finish last year, which ties the highest place at the New York State Championships of a Baymen team since 2009.