Thursday, 11 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condition was deteriorating and financial information available to municipal bond investors was either incomplete or outdated.”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.
Friday, 18 April 2014 00:00
When life hands you lemons, make lemonade. That’s just what a Hicksville baker is doing, except in her case it isn’t lemons, but a gluten-free diet. Her lemonade stand of choice is her brand new gluten-free eatery, “Jac’s Bakeshop and Bistro,” which held its grand opening on April 12.
“I’m a baker who can’t even eat wheat or eggs,” said owner Jaclyn Messina, chuckling at the irony.
Thursday, 17 April 2014 00:00
There’s a lot you can do in 99 minutes. You could cook dinner, play a non-stop soccer game, watch a romantic comedy or hang out with Odysseus, Achilles and Hercules. If you chose the last option, Hicksville High School’s upcoming theatre production of The Iliad, The Odyssey, and All of Greek Mythology in 99 Minutes or Less is the place for you.
The mouthful of a title says it all. The cast will take on over 80 characters as they speed through all of Greek mythology, including popular tales such as The Iliad and The Odyssey, in a little over an hour and a half.
Thursday, 17 April 2014 09:01
Vito Sciascia was recently named Hicksville Soccer Club’s Volunteer of the Year at the 2014 Long Island Junior Soccer League 2014 Kick-off Convention.
Sciascia started coaching travel soccer in 1998 for a boys team, the Flash, who later changed their names to the Muddogs. He could always be found at various sporting fields trying to recruit new soccer players. He would make each of these boys feel important and there was always room for another player. He tried to never turn a child away and when other coaches were having trouble with a boy he would take them on his team, no one was ever too much for him. Sciascia found the good in all those boys and they in return respected him. He took them to many tournaments and solicited enough sponsorship so that it was never a financial burden on their families.
Thursday, 10 April 2014 09:49
Cantiague Park Senior Men’s Golf League had its first tournament on Thursday April 4. Twenty golfers came out on on a crisp but sunny morning. Charlie Hong was the only man to score under a 40, with a 38 and won for low overall score. Jim O’ Brien scored a 41, and won low overall net in a tie-breaker with Mike Guerriero.
Competition on the nine-hole course is divided into two divisions. Flight A is for players with a handicap of 13 or lower. Flight B is for players with a handicap of 14 or more. The league is a 100 percent handicap league. Any man 55 years or older is eligible for membership. We have many openings for this year, and you can sign up anytime throughout the the season.