A letter from Deputy Comptroller Steven Hancox in the New York State comptroller’s office was released on Tuesday, Oct. 18, reviewing the City of Glen Cove’s budget for 2012 and warning around $2 million to $2.5 million in possible budget shortfalls.
Because of the City of Glen Cove’s budgetary deficit in the year 2006, the letter explained, Glen Cove was authorized to borrow $12.8 million in 2007, and as part of the arrangement, has to submit a proposed budget to the comptroller each September. This year’s budget was submitted as required and the deputy comptroller stated that the city council must either adjust the proposed budget based on the review from the comptroller, or the city council must send a letter explaining why it will not adjust the budget based on the recommendations.
Good news for many and bad news for many, Mayor Ralph V. Suozzi stated at the City of Glen Cove City Council meeting this Tuesday in City Hall that the waterfront development is slated to start this coming year.
“The developer told me they plan to do something in the third or fourth quarter [of 2012],” the mayor said during the city’s first of two budget hearings.
The City of Glen Cove was abuzz this weekend as word spread about a helicopter sighted overhead and a beloved member of the local community who had been the victim of a horrible assault in a downtown home.
Glen Cove police have not released names as of this printing, but Lt. Thomas Fitzpatrick of the GCPD provided details about the crime. According to police, at roughly 1:30 a.m. on Oct. 8, a 911 call for a robbery was called in for a residence on North Lane, downtown. The two residents of the home a 77-year-old father and 48-year-old son, along with a female business associate were confronted by two men in ski masks with what the victims believed to be guns.
What is your understanding of the long-term, financial history of Glen Cove, its current finances, and what are your financial plans for the city for the next two years?
Despite a difficult economy, I’ve improved our city’s financial health by $53 million.
What would you suggest the Town do to get back to an AAA bond rating?
To begin with, I have proposed a no tax increase budget for 2012. The concern of our bond rating agency is that the Town’s reserves have gone down. Those reserves will be replenished by cutting back on overtime and increasing user fees. Also, in light of the recent North Hempstead court decision, the Town is seeking to recoup funds from the Verizon settlement, which would be used to help build up the Town’s reserves.
After Tropical Storm Irene left many Long Island residents, municipal facilities and even emergency responders without power for days, and some for over a week, New York state senators held a hearing, first, to determine what went wrong in LIPA and National Grid’s storm preparedness plans and, second, to call for a delay in the renewal of the contract between LIPA and National Grid until an independent review can be done to see if Long Island could be better served by a different arrangement.
Readers by now know that LIPA / National Grid is hoping to phase out much of the power plant located along the water in Glenwood and Roslyn Harbor. The site has served as a significant tax base for North Shore Schools and municipalities like the Town of North Hempstead, where the part of the plant that is closing lies. Currently, the plant accounts for $21 million in revenue to the school district.
The North Shore Board of Education held a meeting to address community concern over the proposed withdrawal and to answer questions about how it could impact people’s taxes. On Thursday, Sept. 8, the board hosted a talk with residents in the high school theater.
There are some major development projects in the City of Glen Cove that are either under way or under review by the city government. The city administration has also been creating new ordinances and departments. What is the process for major decisions within the city - whether building projects or the creation of new ordinances and city charter amendments? What are the key boards or groups within the city who help make the decisions and how are they populated in order to represent voters’ interests? Is the overall process a good one / have the results been positive?
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