Friday, July 25, 2008

AUDITORS PLACE 2007 ROCKLAND DEFICIT AT $18 MILLION by Ken Mahoney

AUDITORS PLACE 2007 ROCKLAND DEFICIT AT $18 MILLION by Ken Mahoney

Rockland ran a deficit of approximately $18 million dollars last year. Auditors last night presented their figures to members of the county legislature’s Budget and Finance Committee. The report reflects close examination of revenue and expenditures of fiscal 2007. Legislative Chairwoman Harriet Cornell faults budgeting on overly optimistic sales and mortgage tax projections as having significantly contributed to Rockland’s fiscal woes. The county’s hospital and nursing facility are also problematic as they continue to operate in the red.

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