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