A bankrupt state trying to foist fiscal responsibility on a county that it claims has an unbalanced budget? Why do I feel that something is rotten in Denmark...
Something smells really stinky here. This has political hack job (AKA powergrab) written all over it.
Nassau County legislature and executive have insisted that their budget is balanced while the NIFA insists it isn't. Who to believe?
The only financial opinion I would trust here is a completely independent accounting firm's audit ( and please, no Arthur Andersons or Ernst and Young's ).
We had schools. We had police. We had sewers. We had garbage and snow removal. We had nice parks. I cannot think of anything that a family now living in the house I grew up in might get from the government that we did not get.
These are times which try men's souls.
ML/NJ
The county I live in, Middlesex, Massachusetts, is also one of the wealthiest in the nation. The county government was older than the United States. They literally went bankrupt a few years ago, even though counties in Massachusetts have very few responsibilities. Basically, they had a county hospital that was such a hackerama money pit that they bankrupted the county. The State (or “Commonwealth” as they fashion themselves) stepped in disolved the county government.
My husband’s parents live in Nassau County. Over the course of three years they pay more in property taxes than they paid for the whole house back in ‘73
That is what I thought as well. It’s a Republican the State Democrats are “straightening out” on an over spending problem. Give me a break.