STATE COMPTROLLER AFFIRMS KEY POINTS OF COUNTY EXECUTIVE DAY’S PROPOSED 2016 BUDGET; QUESTIONS OTHERS

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PRESS RELEASE

The State Comptroller’s review of the county’s budget for the 2016 fiscal year found that “the significant revenue and expenditure projections in the proposed budget are reasonable.”

In accordance with the comptroller’s recommendations, County Executive Ed Day has offered a policy to reduce the audited year-end General Fund unreserved deficit fund balance each year by a minimum of 10 percent.  The county executive said he will accomplish this via conservative budgetary practices and running government more efficiently, a strategy which has already yielded savings during the first two years of his administration. This will create a General Fund operating surplus and will avoid an additional burden to the county taxpayer.

If the 10 percent surplus is not achieved due to some unanticipated reason, County Executive Day will add any shortfall to his following years’ budget.  Day said, “We thank Comptroller DiNapoli for recognizing our continued efforts to restore fiscal stability to Rockland County.”

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