JUNE 4 - 10, 2026
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VOL. 35 NO. 23
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G.C.’s credit is downgraded by Moody’s said that elected officials have a responsibility to fully review major financial decisions The Glen Cove City Coun- before taking action. “We did rush into our budget cil’s approval of a $4.9 million borrowing plan last month has vote in November,” she said. reignited debate over the city’s “And again, where that’s left us finances, after a May Moody’s now with a deficit, I don’t think Ratings report downgraded that we could be too careful in Glen Cove’s credit rating to reviewing how we’re spending Baa2 and warned that the city the city’s money.” Fugazy Scagliola faces a projected pointed to roughly budget gap tied to $3 million in anticidelayed sales tax pated sales tax reverevenue. nue that Moody’s The report consaid will not arrive cluded that the city until 2027. is expected to Later, she added remain in a negathat the report was tive financial posinot unexpected. tion through at “We have a hole in least t he end of DANIELLE FUGAZY the budget,” Fugazy 2026, citing struc- SCAGLIOLA Scagliola said after turally imbalanced City councilwoman the meeting. “If you budgets, a negative don’t have $3 milreserve position and elevated leverage as key lion, you can’t spend $3 million. So then what happens? You challenges. At the May 26 City Council have to cut things.” Mayor Pamela Panzenbeck meeting, Councilwoman Danielle Fugazy Scagliola said the acknowledged the challenge, downgrade highlighted con- but expressed confidence that cerns she raised during last the city would successfully year’s budget process. Refer- address it. “We will have a hole ring to the council’s decision in our budget,” she said during earlier in the month to delay the meeting. “We are working the vote on the borrowing plan on several things to correct until late May, Fugazy Scagliola CONTINUED ON PAGE 7
By ROKSANA AMID
ramid@liherald.com
Courtesy PFY
Rebecca Goldaper, far left, Aiden J. Kaplan, Natalie Macon, Marsha Silverman, Mayor Pamela Panzenbeck, Stevens Martinez and Rory Lancman raised the Pride flag over Glen Cove Village Square during the ninth annual Pride celebration.
Celebrating love and history Pride flag is raised over Village Square for ninth year By ROKSANA AMID ramid@liherald.com
The rainbow Pride flag has flown over Glen Cove Village Square each June for nearly a decade, but organizers of the annual Pride celebration said this year’s ceremony on Monday carried renewed significance. Speakers at the ninth annual event highlighted both the progress made by the LGBTQ community and the challenges that remain, pointing to recent hateful social media comments and a national climate that has left many feeling vulnerable. Former City Councilwoman Marsha Silverman, who has helped lead the event since its inception, said the negative comments
posted online after the ceremony was announced served as a reminder that public displays of support remain necessary. “When this was posted on social media about a week ago,” Silverman said, “the negative, derogatory, really disgusting and despicable comments that were put up on social media reminded me that it’s more important now than it’s been in my lifetime.” She contrasted those comments with the many supportive responses from community members, saying they demonstrated the values she believes define Glen Cove. “That is what this is about,” Silverman said. “It is about showing each other that we will be there for you, no matter what. No CONTINUED ON PAGE 5
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e did rush into our budget vote in November.