Audit released detailing how Long Beach got into debt

LONG BEACH - An independent audit report released today shows how Long Beach officials got the city $48 million in debt.

According to the audit, an 80 percent increase in overtime and purchases made without proper approval led the city deep into the red.

Because of the overtime and improper purchases, the city's rainy day fund, which held $7.4 million in 2008, was whittled down to just $107,000 last year.

City Manager Jack Schnirman says it was dishonest accounting by previous administrations that put Long Beach in its current predicament.

Residents say they are worried that the only way out of debt will be on the back of the residents in the form of higher taxes.

Long Beach plans to declare fiscal emergency

Share on Facebook Tweet on Twitter

advertisement | advertise on News 12

Top 5 Must See

Tens of thousands of Long Island students are 1 Thousands of students to opt out of state testing
Trump's road to the White House, paved in 2 Trump's 100-days vows: Hits, misses, unfinished business
According to police, Christopher Vorisek, of Farmingville was 3 Man arrested for DWI after fatal motorcycle crash in Selden
The blaze broke out at the Davidson Avenue 4 Firefighter injured while battling house fire in Lynbrook
United States Attorney General Jeff Sessions promised to 5 AG Sessions to MS-13 on LI: We are coming for you

advertisement | advertise on News 12

Features

Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Explore the Twin Forks with News 12's Doug Geed.

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

News 12's Danielle Campbell digs into Long Island's roots.

News 12's Lily Stolzberg sees how much Long On The Spot

News 12's Lily Stolzberg sees how much Long Islanders know about everything and anything.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE