Thursday, January 5, 2012
BOE Misses Budget - Underspends by $600K
My co-host, Marilyn Vitale, has learned that the BOE underspent their budget by, at least, $600,000 in the 2010-11 fiscal year. Such a colossal undershot of their expenditures would be a boon for Mayor Maturo's next budget since the $600K would revert to the Town coffers. Combine that with the anticipated surplus Mayor Capone left and it means that the fiscal situation is not nearly as bad as has been reported. I'll be digging up the actual numbers as I get the time. It should be interesting to see who's head rolls over this flub.
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