FROM NEWSDAY: “Despite an ongoing hiring freeze, Nassau County Executive Edward Mangano has hired the former Long Beach city manager, who served under the former Republican-controlled city council and was in charge when the city’s credit rating sank to a notch above junk.
….. Theofan, who could not be reached, was hired as Long Beach city manager in 2004. In December,Moody’s Investors Service downgraded the city’s credit rating from A1 to Baa3 with a negative outlook. Theofan blamed the cash crunch on cleanup costs from Tropical Storm Irene and delayed tax payments from a large property owner.”
Read the full article over @ Newsday: Mangano hires ex-Long Beach city manager