BUDGET & FINANCE COMMITTEE OF THE SUFFOLK COUNTY ...

LEG. ROMAINE:
Okay. So then you did not examine any of the statements that he or his budget officials made
either to this Legislature as a body or to the Budget & Finance Committee?
MR. HALVERSON:
No, we haven't reviewed any of those statements.
LEG. ROMAINE:
Have you looked at any of his personal discussions with the bond rating agencies such as Moody or
Fitch.
MR. HALVERSON:
We don't know what was said to any of the bond rating agencies. We've had the offering
statements issued in connection with the most recent seasonal borrowing.
LEG. ROMAINE:
The reason I --
MR. SOLOMON:
And we also got the credit rating reports as well.
LEG. ROMAINE:
Right. The reason I asked all of those questions is obviously, as a Legislator, I have followed all of
that, as well as accounts from the Executive Branch of the previous administration that has
appeared in the press. And I'm just going to read this again, your estimates are a $33 million
deficit for this year, $148 million for next year, a $348 million for 2013, for a cumulative deficit of
$530 million. I mean, when you look at that, and I look back at all the statements that I've seen
cumulatively over the years in terms of the budget narrative, veto messages, statements to the
Legislature, the Budget & Finance Committee, press accounts, even tails of his discussions with
rating agencies, his personal discussions with rating agencies, nowhere do I find those numbers.
Nowhere do I find those numbers, and that concerns me.
CHAIRMAN D'AMARO:
Legislator Romaine, I'm going to ask, and I'm going to ask everyone here --
LEG. ROMAINE:
I'm going to go into my question.
CHAIRMAN D'AMARO:
Well, not even just going to your question but, you know, these gentlemen are here to present a
report.
LEG. ROMAINE:
Right.
CHAIRMAN D'AMARO:
We're here to ask questions.
LEG. ROMAINE:
Right.
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