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condition was deteriorating and financial information available to municipal bond investors was either incomplete or outdated.”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.
Thursday, 31 July 2014 09:59
Superintendent Maureen Bright and the Hicksville School District are parting ways, a year earlier than originally planned.
At a Board of Education meeting May 20, Bright announced that she would not be renewing her contract when it expired at the end of the 2014-15 school year. However, a notice posted last week on the Hicksville School District website stated that she is leaving her position July 31, 2014.
Wednesday, 30 July 2014 00:00Jaclynn Demas always loved film and television. She dreamed of having a hand in its creative process. and wanted to shape the moving image. The East Williston resident’s obsession paid off after taking home a Daytime Creative Arts Emmy Award for Outstanding Pre-School Children’s Animated Program last month as producer of PBS KIDS’ Peg + Cat.
“I’ve loved TV and was a movie buff since I was a little kid,” she said. “All I’ve ever wanted to do was make films. I was just upset at how things were made. When I got older, I took a lot of courses in TV and video production.”
Thursday, 31 July 2014 10:08
Cantiague Park Senior Men’s Golf League had its fourth tournament on Thursday, July 17. We had 34 golfers and only three who scored under 40. Low overall score was won by Charlie Hong with an impressive 34. Joe Sander scored a solid 49 and won low overall net with a 31.
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% 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. The league meets every Thursday at 7:30 a.m., but the formal tournament dates are only the first and third Thursday of the month through late October. We will have a final luncheon with prizes on our last meeting.
Thursday, 31 July 2014 00:00
The Michael Magro Foundation is once again partnering with The Mastermind Unit to put on the annual Soccer For A Cause tournament. The event, which raises money for the Michael Magro Foundation, will take place at the Kevin Kolm Memorial Field in Hicksville this Saturday.
The soccer tournament is an enjoyable event, which offers participants the chance to enter in the competitive game. In years past, approximately 20 soccer teams from the tri-state area have played. All participants will be able to enjoy music and entertainment while supporting a worthy cause. Each registrant will receive a special event t-shirt. Teams can register online at http://www.mastermindunit.com/ with a $500 donation.