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condition was deteriorating and financial information available to municipal bond investors was either incomplete or outdated.”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

Hicksville’s interim School Superintendent Dr. Carl Bonuso gave a review of the district’s recently completed capital projects and facilities updates at Nov. 19’s board of education meeting. Most of the projects were completed over the summer in each of the district’s schools.

“Thanks to Director of Facilities and Operations, Dave Bell and his staff, we are structurally sound,” said Bonuso. “So much of what we do is in-house which saves the district money and our staff makes the facilities as special as the students they serve.”

The community is rallying together to raise funds for a Hicksville native who has been battling to get a service dog.

Nancy Burpee is a 49-year-old competitive swimmer and single mother with a rare genetic terminal illness called Ehlers-Danlos Syndrome (EDS), which causes the deterioration of the connective tissues, tendons, ligaments and vital organs.


Sports

For the past 11 months, Hicksville’s Marlo Signoracci has been training for IRONMAN, one of the most physically challenging athletic events out there. The triathlon includes a swim, bike and run portion. Signoracci recently traveled down to Florida to compete in IRONMAN Florida. Here’s a look at her experience.

Nov. 1, 2014 will be a day in my life I will never forget and will carry with me forever. It truly was the celebration of the last 11 months of training.

The fall athletic season seemed to move quickly, but all teams had outstanding seasons with all teams reaching the playoffs except for two who had their best season in many years.

In addition to athletic acheivements, all of the varsity programs at Hicksville High School also participated in raising more than $4,000 for several charities this past fall: pediatric cancer, breast cancer awareness and cystic fibrosis.


Calendar

Model Railroad Open House

November 28-30

Popcorn Balls

November 30

Craft Fair

November 30



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