What's worse, the Comptroller's report finds that many municipalities don't even fully grasp the scope of their fiscal troubles, due to
poor budgeting practices like overestimating revenue and underestimating costs.
Read below:
POOR BUDGET PRACTICES HURTING ROCKLAND COUNTY County Has Incurred Large Debt and General Fund Deficit Budgeting practices by Rockland County have left it with an accumulated deficit of more than -LSB-...]
«Across New York, my audits have revealed infrastructure problems,
poor budget practices and a lack of long - term planning are straining municipal finances and increasing costs for taxpayers.
«Across New York, my audits have revealed infrastructure problems,
poor budget practices and a lack of long - term planning are straining municipal finances and increasing costs for taxpayers,» said Comptroller Thomas DiNapoli.
Not exact matches
Dear Editor, Rockland County is in dire straits financially, because of years of
poor planning and bad
budget practices.
Notably, in June 2012, Standard and
Poor's Ratings Services lowered the county's long - term general obligation bond rating to «BBB - «from «BBB +» and rated the management
practices as «vulnerable» based on overly optimistic
budgeting.
The federal government has had a long interest in ensuring that its funds go to providing extra services for schools serving
poor kids; the problem is that state and local
budgeting practices have long meant that
poor schools in many places get less money to begin with.