County Legislature Votes Unanimously For Borrowing $60-Million

The Rockland County Legislature voted unanimouslay  in favor of borrowing up to $60-million to make sure the county has enough money to pay its bills.

In March, the county borrowed $45-million to pay its bills, indicating that the county’s budget deficit has now increased by at least $105-million dollars.  Currently Rockland’s deficit is estimated to be around $115-million dollars.

As of last night the county’s home-rule request that would allow it to borrow $96-million has been approved by the assembly, but the request did not make it to the senate floor.  Governor Andre Cuomo would also have to approve the measure.

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