Deficit Exceeds 125 Million

According to the 2012 audit the deficit for Rockland County has exceeded 125 million dollars. KPMG LLP, who completed the audit on the Summit Park Nursing Care Center, which accounts for nearly one- third of the deficit, are due to turn in their final numbers today, which will be added to the overall county audit, being done by O’Connor Davies LLP. County Executive Vanderhoef stated that numbers are looking good and they are trying to leave a positive turn in the deficit for the next elected County Executive. The County Legislature’s Budget and Finance Committee will be meeting at the Allison Parris County Office building, at 7 PM on Tuesday, where the audits will be reviewed. The 2011 deficit was 96.4 million dollars, and according to County Finance Director Stephen Degroat the 2012 General Fund Deficit will stay around 16.2 million. The 8 million dollars that are supposed to be brought in by the sale of two buildings will be added to the 2013 financial records. The county is still waiting for news on the deficit bill, which has been sent to Governor Cuomo in Albany, but in 2011 the County Legislature set aside 10 million dollars as a back up for deficit reduction.

Share and Enjoy:
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks