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condition was deteriorating and financial information available to municipal bond investors was either incomplete or outdated.”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

Rhea Manjrekar traded in her running shoes and track shorts for high heels and an evening gown recently, as she participated in the Miss Teen India New York pageant. The 15-year-old from Hicksville snagged the title of first-runner up, and will be competing for the national title in December. 

 

This was Manjrekar’s first time competing in a pageant. But she started out with major doubts about even participating. 

 

 “At first, I didn’t want to do it. I have extreme stage fright. My mom told me to try it out because she thought it would boost my confidence and look good on my college applications, so I went for the practice,” Manjrekar said. “The girls were so nice. I thought I wouldn’t fit in but I made friends immediately so I decided to do it.” 

The parking lot of Sears in Hicksville transformed into a sea of cars this past Saturday as part of the ninth annual Long Island Cruizin’ For A Cure Car Show. 

 

The show, which was founded by Jericho prostate cancer survivor Sandy Kane, is the only car show on Long Island dedicated to raising funds for research, testing and also education for early detection of prostate cancer. The all-volunteer car show usually draws around 4,000 attendees. It features 600 cars, trucks, motorcycles and more; a perfect day for car enthusiasts and the like.


Sports

This November, Hicksville resident Marlo Signoracci will head to Florida for Ironman, a demanding, long-distance triathlon that includes biking, running and swimming. Here, she shares her story as she prepares for one of the most physically challenging athletic events out there.

 

If it doesn’t challenge you, it doesn’t change you! 

At 6 a.m. on a blustery Saturday morning 1,600 people arrived at Theodore Roosevelt Memorial Park to participate in the 27th annual Runner’s Edge Tobay triathlon and tri- relay race. The participants were from all over Long Island, some from upstate NY, a few from out of state and were all ages and some even with disabilities but all came with one goal in mind, to finish.

The course starts out as a half mile swim in Oyster Bay Harbor, then a 9.3 mile bike ride through Oyster Bay, Laurel Hollow, and Cove neck which is very hilly but finishes with a 2.9 mile downhill to the finish. Then the riders have one more leg of the race which is 3.2 mile run through Mill Neck and Brookville, up to Planting Fields Arboretum and back down to Roosevelt Park to the finish line.


Calendar

Board of Ed Meeting - September 17

Back To School Night - September 18

Pasta Dinner Fundraiser - September 20


Columns

1959: The Year The Music Stopped Playing
Written by Michael A. Miller, mmillercolumn@gmail.com

The Eccentric Heiress Of ‘Empty Mansions’
Written by Mike Barry, MFBarry@optonline.net

Yellow Margarine And A Pitch For The Ages
Written by Michael A. Miller, mmillercolumn@gmail.com