Nassau Still Without 2012 Year-End Results; What Is Maragos Hiding?
June 7, 2013
(Long Island, NY) Former Nassau County Comptroller Howard Weitzman criticized Comptroller George Maragos for unprecedented delays in releasing 2012 year-end fiscal results, including failing to meet a self-imposed deadline of releasing results by the end of May.
“Publicly releasing the County’s year-end fiscal results is one of the primary responsibilities of the Comptroller. This release typically occurs in February or early March, and continued delays raise serious doubts about the County’s financial condition and represents an abdication of responsibility by the Comptroller,” said Weitzman.
Maragos has blamed the delays on uncertainty about Federal Emergency Management Agency (FEMA) reimbursement rates for expenses related to Superstorm Sandy. Maragos claimed these rates would be settled in May.
“The reality is that Suffolk County is in the same situation with respect to FEMA reimbursements and they have released their year-end results. It is possible that we will not know the final reimbursement rates for years, so this cannot be an excuse for the Comptroller’s continued failure to meet his professional obligations,” said Weitzman.
About Howard Weitzman, CPA
In 2001, Howard Weitzman became the only CPA ever elected to the office of Nassau County Comptroller after a 30 year career as a healthcare financial executive. He was subsequently re-elected to a second term in 2005. During his eight years as Comptroller, Howard Weitzman played a central role in the financial rescue of Nassau County. Under Howard’s leadership, the office of Comptroller became a national model for transparency and accountability while at the same time developing a reputation for groundbreaking audits, independence and integrity. A graduate of Brooklyn Technical High School and Queens College, Howard is the former Mayor of Great Neck Estates, where he and his wife resided for 35 years and raised three children. He is currently a resident of North Hills.
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