Leader Kevan Abrahams, called on County Executive Edward P. Mangano this week to scrap his latest proposal to allow a private investor to buy $20 million in tax refund debt.Democratic Legislators, led by Minority
But the Mangano administration countered on Thursday. In a statement,
Mangano's offiice said the proposal has been reviewed by the county
Comptroller and Attorney's offices and "we have reached agreement on
certain adjustments to the plan which we believe will preclude claims
that this plan is a borrowing."
The Democrats contend that this proposed deal is a loan and is subject to approval of the Legislature and NIFA, the state control board overseeing Nassau’s finances.
“However the administration attempts to dress it up as a settlement,
it is in reality a loan,” Abrahams said.
“The administration is using
an investor’s money to pay off county debt to the judgment creditors and
creating a new $20 million debt to the investors.”
"No debt is created," the Mangano statement countered.
occurs. Nassau addresses liabilities directly with the Homeowner. The
taxpayers get their refunds with interest."
Mangano's office said the revised plan is being adjusted to make
clear that the taxpayers who hold judgments are in charge. The
taxpayers are able to settle their cases directly with the County and,
if they choose, sell their settlements or judgments to any lawful
assignee independent of the county, it said.
The proposed arrangement, crafted by County Attorney John Ciampoli,
would increase Nassau’s already high debt and could potentially put the
county’s credit rating at risk, according to the Democrats.
Bay Park Sewage Study
Mangano announced Monday that a major study is underway to explore new methods of discharging treated wastewater from the Bay Park Sewage Treatment Plant.
The study seeks to identify recommendations for onsite upgrades and
improvements and determine the feasibility of constructing an outfall
pipe that would extend into the Atlantic Ocean. Treated discharge, or
effluent, is currently released into Reynolds Channel located on the
north shore of Long Beach and south of the Bay Park Sewage Treatment
Mangano praised Rep. Peter King, R-Seaford, and Sens. Charles Schumer and Kristin Gillibrand
of New York for the study's funding.
"Together, we will work to improve
our environment and repair the county's aging sewage treatment
plants," Mangano said.
The study, funded by Nassau County Capital Improvement Funds and a
reimbursement grant from the Environmental Protection Agency (EPA), will
be conducted by CH2M Hill. The EPA grant will provide 55 percent of
the project costs, up to a maximum of $275,500.
The county's funds for the study are in lieu of a compliance order
set forth by the New York State Department of Environmental
Conservation (DEC) connected to violations that resulted from a spill
of treated solids into Reynolds Channel in October 2010.
The study began this summer and is expected to last about a year.
Candlelight Vigil Honors Nassau Vets
Nassau County remembered its veterans Monday with its annual POW/MIA
Candlelight Vigil at Eisenhower Park, the day set aside as National
POW/MIA Recognition Day.
“We honor the sacrifice made by Prisoners Of War and those who have
gone Missing in Action while defending the freedoms here in the USA and
around the world,” Mangano said.
The event’s Keynote Speaker was Joyce Rommel of Freeport, whose
husband was declared MIA in the mid-1960s after his aircraft was shot
down over North Vietnam. His remains were discovered in the late 1990’s
and were interred at Arlington National Cemetery.
The solemn ceremony featured the reading of the names of all POW/MIAs from Nassau and Suffolk.