NEWSDAY: Long Beach faces a $10M deficit??

Newsday is reporting that Long Beach finances are in a deeper hole than what we originally thought. In her article titled Official: Long Beach faces $10M deficit, Candice Rudd writes:

“Long Beach’s projected deficit for the current fiscal year is “devastating,” totaling more than $10 million, or about 12 percent of the city’s overall budget, City Manager Jack Schnirman said.

After starting the fiscal year in July with $107,000 in the general fund, the city predicts it will close 2011-12 $10.25 million in debt.

Geez, did the previous administration (aka Long Beach Coalition) mess things up around here, or what? And they are totally getting away with it while us residents have to suffer with services cuts and probably (I am guessing what will come next) higher property taxes. I am sure all these news outlets are trying to get some sort of quote from former City Council President Thomas Sofield Jr, but he’s been pretty quiet on this issue since he lost the election back in November 2011.

From Newsday: Schnirman said the city will set savings goals in each department and let department heads find ways to meet them.

“And if we don’t, the city has to look at its options for closing the deficit unilaterally,” he said. “That essentially means, what are the simple options: service cuts, personnel cuts and revenue increases.”

Read the full article @ Newsday: Official: Long Beach faces $10M deficit

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20 thoughts on “NEWSDAY: Long Beach faces a $10M deficit??”

  1. Don’t believe the hype. The Republican Coalition did a brilliant job at managing money. This is all fake. The Democrats blew a $50 million surplus in their first three months by hiring a few people I don’t like for low paying part time jobs. The only thing that counts are my lie filled blogs on the Patch (a true honest media source).

    P.S. I think I should probably stop talking because all I do is embarrass the Republican party. Moriarty better not hand the reigns over to me or else we’ll never win another election in my lifetime.

  2. Don’t believe the hype. The Republican Coalition did a brilliant job at managing money. This is all fake. The Democrats blew a $50 million surplus in their first three months by hiring a few people I don’t like for low paying part time jobs. The only thing that counts are my lie filled blogs on the Patch (a true honest media source).

    P.S. I think I should probably stop talking because all I do is embarrass the Republican party. Moriarty better not hand the reigns over to me or else we’ll never win another election in my lifetime.

  3. Don’t believe the hype. The Republican Coalition did a brilliant job at managing money. This is all fake. The Democrats blew a $50 million surplus in their first three months by hiring a few people I don’t like for low paying part time jobs. The only thing that counts are my lie filled blogs on the Patch (a true honest media source).

    P.S. I think I should probably stop talking because all I do is embarrass the Republican party. Moriarty better not hand the reigns over to me or else we’ll never win another election in my lifetime

  4. So the auditors closed the books and we had $107,000.00 Now this Harvard clown says we’re $10 mil in the hole. When does the fiscal run , August to July? How do hire new people and give them raises and then turn around and lay this BS on us. What a joke. Where do we start cutting baby cause otherwise I’m gearing up for an all out tax revolt!
    Let’s start finding independents now and really start turning this City around.

  5. Politics 101, if you want to win re-election you should try to make your opponents look horrible, pure and simple that is what is happening here. I’d ask that some of our stellar crack investigative journalists do their jobs and ask to see the numbers instead of taking what a politicians or political hires have to say. I could have sworn I heard something about total transparency during the election.

    P.S. they do do a good job of making the town look really bad from a PR standpoint

  6. INcredibly we do not hear just how that gaping hole opened up. It will not be enough for them to just say “it was them”. Curbing overtime year over year is the only thing I have heard them come back with that has reduced costs, disingenuous as we are not buried in snow again though true.

    Where is the hole? What caused it, line items please! Can they present a six month financial to show where the old administeration cut off and they picked up? Of course there would be accruals games and the like to put all o fthe impending expenses in the prior administration but at least we would have transparency into where they have missed their budget so badly.

  7. You think your Dumbfounded?City Council members Adelson, Torres, Mandel, and Schnirman gave Gordon Tepper, City Court Judge Roy Tepper’s son, a $30,000 a year raise today!

  8. You do realize he was hired by the Republicans? He is apparently replacing Hennessys and Rooneys girlfriends (one of which is Moriartys cousin) who were earning upwards of $100,000 a year.

  9. Cretin;a stupid, obtuse, or mentally defective person
    Eileen, I am willing to learn, the mental defectiveness, I can not help.
    I try not to take myself too seriously.

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