New York – New York’s Rockland County is taking out an emergency loan to pay its bills.
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Acting Commissioner of Finance and Budget Stephen DeGroat says the county will borrow $40 million to create cash flow until the state repays the tens of millions that it owes.
DeGroat tells the Journal News (http://bit.ly/mT8QjV ) that the loan must be repaid in a year. With interest rates at under 2 percent, he says, it will likely cost taxpayers less than $800,000.
The Rockland Legislature unanimously approved the emergency loan last week. It will pay the county’s bills and cover expenses, including payroll.
The county faces a $52 million budget deficit.
Hmmm. Do they even consider the fact that they need to budget like any family? You can’t spend more than you have! Cut out the union (pricey) work and try to get reasonable bids for government services! Allow more companies to compete! If you don’t have the money for chicken, you can’t buy steak for tuesday night’s supper!
If every other house in Monsey wasn’t registered as a shul and people paid taxes, there would be plenty of money
That’s what happ when we keep voting in libs