State lawmaker wants monitor for Oyster Bay finances

The Oyster Bay supervisor says he wants to lead the charge to repair the town's declining finance ratings, but a state lawmaker says the town

The Oyster Bay supervisor says he wants to lead the charge to repair the town's declining finance ratings, but a state lawmaker says the town needs outside oversight.

The Oyster Bay supervisor says he wants to lead the charge to repair the town's declining finance ratings, but a state lawmaker says the town needs outside oversight. (7/7/16)

OYSTER BAY - The Oyster Bay supervisor says he wants to lead the charge to repair the town's declining finance ratings, but a state lawmaker says the town needs outside oversight.

Standard & Poor released the new, low ranking in the spring. Along with the Oyster Bay Town Council, Supervisor John Venditto says officials are working on a plan to fix the finances.

State Assemblyman Charles Lavine, however, says that's no way to fix the problem.

"That's really like the situation that occurs when a group of wolves are called on to report on the best practices for protecting sheep," Lavine says.

Lavine proposed a new bill that would bring an independent state fiscal monitor to oversee the town's finances for a five-year period.

Venditto opposes that idea.

"We don't need a bill right now," he says. "We need a lot of hard work."

But Lavine says the town's hard work hasn't paid off. He says the financial problems were identified as early as 2013, but the town did not make adequate corrections. He says it's time for a fresh face to get the town back on track. 

"The town definitely needs some outside influence, and for lack of a better term — an adult in the room — to help make these difficult decisions," Lavine says.

advertisement | advertise on News 12

Top 5 Must See

Police are searching for the driver involved in 1 Brentwood man killed in hit-and-run crash
When the new Nassau Coliseum opens its doors 2 New Coliseum to pay tribute to military, 9/11 victims
The Feds are reportedly looking to cut a 3 Feds seek reduced sentence for LI al-Qaida informant
A Long Island Railroad train struck a car 4 LIRR trains strikes car on tracks in Patchogue
The Suffolk County Police Department added new members 5 Suffolk PD welcomes first double amputee to force

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