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The following opinion piece was submitted by Peter Michaelis, a candidate for Weschester County Legislator in District 2.
Re: County Bond Outlook Lowered 7/26/11
Earlier this week, the Journal News reported that Moodys, one of the big three credit rating agencies, has lowered Westchester Countys bond rating outlook. This could have serious consequences for taxpayer wallets. It means borrowing could be more expensive. It means taxpayer costs could be far more than what the Democrat Board of Legislators and Majority Leader Pete Harckham bargained for, which has been par for the course, since Harckham was elected.
Westchester County has been the highest taxed county in America every year since Pete Harckham was elected. In fact, every year since Pete Harckham was elected, the countys financial condition has weakened. And now, due to Majority Leader Harckhams Yes-Votes, Westchesters coveted Aaa bond rating is on shaky ground.
Moodys negative outlook is a direct result of the 2011 budget put forth by Democrat Legislators led by Pete Harckham, who gambled on inflated tax revenues and took millions from our reserve fund in order to score political points. Harckham has long touted how his budget was better than County Executive Rob Astorinos in that he was able to make deeper tax cuts now we know how he did it. Harckhams risky move could cost taxpayers millions.
Whether its Harckhams disastrous county budget or the nightmare Spano-Harckham Housing Settlement, it is time for District 2 taxpayers to have a representative in county government that truly represents their best interests and does not tow the party line by casting votes that will come back to haunt taxpayers for years to come.
Peter Michaelis
Republican and Conservative Endorsed Candidate for County Legislature, District 2
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