Bellone Announces Balanced Budget Under Property Tax Cap

Hauppauge, NY – September 24, 2012 – (RealEstateRama) — Suffolk County Executive Steve Bellone announced his Recommended Budget for fiscal 2013 which is balanced, is under the NYS property tax cap, reigns in spending, freezes general fund taxes and does not contain any new layoffs. Bellone’s first County wide operating budget comes just six months after County lawmakers received a report stating that Suffolk County faced a projected three-year budget shortfall of approximately $530 million and learned from Comptroller Joseph Sawicki that the 2011 deficit was approximately $60 million.