LETTER TO THE EDITOR: EXAMINER NEWS...STEWARDSHIP OF CORTLANDT'S BUDGET HAS LEFT TOWN IN DIFFICULT STRAITS

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LETTER TO THE EDITOR: EXAMINER NEWS...STEWARDSHIP OF CORTLANDT'S BUDGET HAS LEFT TOWN IN DIFFICULT STRAITS

October 5, 2021 Examiner Media

I am going to stick to the facts and not the personal partisan politics of Ms. Slippen, in her attempt to fool and deceive the town residents last week. The strange thing is that she does not confront the issues I raised.

The Town of Cortlandt budget has been unbalanced and running deficits for the last decade. The fund balance is down close to $9 million.

Cortlandt’s fiscal position has taken a sharp turn for the worse, starting in 2011. The town’s budgets have had deficits in nine of the last 10 years. As a result, the town has had to rely upon borrowing for annual expenditures, while the salaries of the elected officials have increased significantly.

See the chart below. Town of Cortlandt Fiscal Report 2020: Changes in Fund Balances of Government Funds

The Cortlandt Budget:

2011 Deficit: $2,018,259

2012 Deficit: $142,522

2013 Surplus: $578,238

2014 Deficit: $3,111,498

2015 Deficit: $1,312,140

2016 Deficit: $1,400,297

2017 Deficit: $1,091,078

2018 Deficit: $542,559

2019 Deficit: $1,161,966

2020 Deficit: $8,494,672

Town spending over revenue is $18,696,753 over the last 10 years. READ THE REST FROM DANIEL PAGANO AT https://www.theexaminernews.com/stewardship-of-cortlandts-budget-has-left-town-in-difficult-straits/