Contrasts Town’s Aaa Bond Rating with County’s Junk Bond Status
Who: John Kennedy, Suffolk County Comptroller and Candidate, Suffolk County Executive
Angie Carpenter, Supervisor, Town of Islip
Andrew Garbarino, Chairman, Islip Republican Committee
What: John Kennedy, Suffolk County Comptroller and Candidate, Suffolk County Executive, will continue his “Fiscal Reality Tour” into the Town of Islip. He will be joined by Angie Carpenter, Supervisor, Town of Islip, local elected officials and residents at a press conference.
In an attempt to get elected to another four-year term, County Executive Steve Bellone is trying to paint a picture that everything is fine in Suffolk County, but nothing could be further from the truth. The truth is that the county is on the brink of fiscal disaster.
Mr. Kennedy will explain how taxpayers have been burdened by enormous tax and fee hikes, seven bond rating downgrades, and payroll and spending increases, resulting in population loss and a fiscal crisis.
During the press conference, Mr. Kennedy will contrast Islip’s fiscal situation with Suffolk County’s. As Town Supervisor, Ms. Carpenter has been able to minimize Islip’s debt, resulting in a bond rating of Aaa over the past four years. But under Steve Bellone’s leadership, Suffolk’s debt has reached almost $900 billion, causing the county to drift into a fiscal crisis and having its bond rating downgraded to Baa2, a rating which is considered “junk.”
When: Saturday, September 28
Where: Islip Republican Committee Headquarters
39 Third Street
Bay Shore, NY
Directions: From the East: Sunrise Highway (Rte. 27) to Exit 43. Take Bay Shore Rd. and Howells Rd to S. 3rd St. in Baywood. Keep right to continue to Howells Rd. Continue onto Bay Shore Rd. for 0.7 mile, then turn right onto Howells Rd. Make a slight right and Howells Rd. becomes Secatogue Ave. Continue onto Corbin Ave. for 0.3 mile, then turn right onto S. 3rd St. Headquarters are on the right-hand side.
From the West: Sunrise Hwy. to Exit 40 toward Huntington/Babylon/Rte. 231. Stay on South Service Road for 1.3 miles, then turn left on Udall Rd. after. 2.7 miles, make a left onto Howells Rd. Make a slight right and Howells Rd. becomes Secatogue Ave. Continue onto Corbin Ave. for 0.3 mile, then turn right onto S. 3rd St. Headquarters are on the right-hand side.