Anton Community Newspapers  •  132 East 2nd Street  •  Mineola, NY 11501  •  Phone: 516-747-8282  •  FAX: 516-742-5867
Attention: open in a new window. PDFPrintE-mail

Nassau County Comptroller’s Report

Budget Holds The Line On Spending And Taxes

The adopted $2.8 billion Nassau County budget for fiscal year 2013 represents a 0.2 percent decrease in spending compared to the 2012 budget. For the third consecutive year, the budget holds the line on property taxes with no increase.

The budget is fiscally conservative containing only $60.1 million of revenue and expenditure items considered as having risk. This is the lowest amount of budgetary risk in over four years. The $60.1 million at risk is comprised of $39.1 million in possible lower revenues and $21 million in possible higher expense. This level of risk is about 2 percent of the total budget and should be manageable. 

Using Generally Accepted Accounting Principles (GAAP) as defined by the Nassau County Interim Finance Authority (NIFA), the projected risk is $125.1 million. However, the NIFA GAAP risk still represents an 11 percent improvement over 2012 and a 32 percent improvement from 2009. The distinction between the risk as presented under the budgetary basis and the NIFA GAAP basis is attributable to the different treatment of certain revenues and expenses. NIFA GAAP excludes certain income from investments, bond premiums and bond proceeds used to pay expenditures.

The adopted 2013 budget continues the improving fiscal trends established over the last three years by:

• Reducing the Structural Gap to less than $35 million, an 86 percent improvement from the peak in 2009 of $252 million;

• Controlling spending to just 1.3 percent over recurring revenues, the lowest margin since 2004;

• Reducing borrowing to $140 million, approximately 44 percent lower than the average annual borrowing over the prior 5 years, primarily for capital project investments.

The principal budgetary challenges facing the county are its low fund balance, which stood at $40.5 million at the end of 2011, the continuing skyrocketing pension contributions, and the unrelenting increases in state and federal mandated costs. At the same time, the county revenues are essentially flat due to the weak economy. The rating agencies have noted these challenges, evidenced by a Moody’s downgrade in October. The administration, NIFA and the legislature need to work together to address these growing challenges in 2013 and beyond.


News

 

Last June, Nassau County passed legislation that allows for the deployment of a speed enforcement camera system in school zones for each of the 56 public school districts in the county. 

 

The new systems will be implemented throughout the county on July 25, and will be operational on scheduled school days throughout the year. 

U.S. Naval Veteran Wendy Linden

U.S. Navy Veteran Wendy Linden is incredibly modest when talking about her three years in the service. 

 

“I did nothing heroic,” says the Levittown resident, “but these men around me, they have done amazing things.” 

 

Linden signed up for the U.S. Navy in 1983 after receiving some motivation from her cousin, who had been involved with the Blue Angels. As a Long Island native, she had hoped to be stationed close to home. Her “wish list” included several ports, from New England all the way to the Brooklyn Navy Yard... but instead she was sent to Pearl Harbor, Hawaii. 


Sports

Levittown’s Division Avenue High School varsity baseball team, under the direction of coach Tom Tuttle, won the Class A County Championship, garnering a third-place ranking in New York State. This is the team’s 13th county championship win and the second county championship for the school in the past four years.

 

In addition, senior Chris Reilly was named Championship MVP for throwing a complete game shutout in game two and going three for four with two RBIs. 

Taylor Traenkle, a junior at Division Avenue High School recently received the MVP award for the Nassau County Varsity Hockey League Association.

 

Traenkle, who plays no. 9 for the Levittown Ice Falcons, led the way averaging 2.8 points a game with a total of 25 goals and 23 assists in just 17 games. 


Calendar

Lazy Days Of Summer - July 26

Flea Market - July 27

Darlene Prince and the Bragg Hollow Band - July 28


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