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VOL. 74 NO. 35
Obituary: JaneAnn Bean-Folkes
2024 20
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TOBAY taps Wighaus as new inspector general and ensure the Town Board members and employees have all information available on The Oyster Bay potential vendors Town Board and contractors.” appointed John The inspector Wighaus as the general is respon’m excited to town’s new inspecsible for overseetake on this tor general during ing all aspects of its meeting on Aug. new role in further the town’s con12. tracting processprotecting Town Wighaus retired es. The position from the Nassau residents and their had been vacant C o u n t y P o l i c e tax dollars. I plan to since June 2023, Department in following the resAugust 2022 after a thoroughly review ignation of Brian 33-year career, dur- the contracting Noone. The Town ing which he served Office process and ensure Attorney’s as a police officer, had assumed the detective first grade the Town Board inspector generand president of the members and al’s duties in the Nassau County interim. Detectives Associa- employees have all Democrats had tion. Since 2022, he information available questions about has worked as an appointment. on potential vendors the“This asset protection speinspector cialist for PSEG and contractors. general does not Long Island, managhave the analytiing a $5 million JOHN WIGHAUS cal background annual security that is necessary, Inspector General operation. and second, that “I’m excited to he may well be a take on this new role in further Republican political insider,” protecting Town residents and said NYS Assemblyman Charles their tax dollars,” said Wighaus Lavine, (D-Glen Cove). “Those after receiving the appointment, are real concerns.” which runs through the end of 2027. “I plan to thoroughly CONTINUED ON PAGE 7 review the contracting process
By MIKE POLANSKY
Senior Correspondent
I
Carolyn James/Herald
Staycation in the park John Burns Park in Massapequa Park is a vibrant hub of activity this summer not only for walking and jogging but also for playing baseball or soccer, while the kids run free in the playground and families simply enjoy where nature and community come alive.
Massapequa School Board authorizes $12.5M in tax anticipation notes By MIKE POLANSKY Senior Correspondent
The Massapequa Board of Education at its Aug. 7 meeeting authorized the issuance of tax anticipation notes (TANs) for $12.5 million, in anticipation of the receipt of tax revenues levied for the 2025–2026 fiscal year. A tax anticipation note is a short-term financial instrument used by school districts and other government entities to provide immediate funding for operational expenses while awaiting the collection of property tax funds. From 2013 through 2017, the district temporarily borrowed from its own reserve funds to cover cash flow needs, repaying those funds promptly
in November once taxes were collected. However, a 2017 audit by the New York State Comptroller’s Office advised that “there is no authority for the District to borrow cash from reserve funds for cash flow purposes.” In a letter sent that same year to the Comptroller’s Office, then-Board President Timothy Taylor and then-Superintendent of Schools Lucille Iconis wrote, “It is unnecessary and wasteful to burden local taxpayers with interest costs and insurance costs associated with borrowing a Tax Anticipation Note when the District has sufficient cash to meet its obligations.” Nevertheless, the district complied with the Comptroller’s directive and has borrowed the CONTINUED ON PAGE 7 funds since then.