For Immediate Release – August 1, 2012
(HUGUENOT, NY) – Deerpark Town Supervisor Karl A. Brabenec was proud to announce today that the Town of Deerpark has been very proactive in it’s practice of long term financial planning regarding town finances. This is in reaction to New York State Comptroller Thomas DiNapoli’s recent recommendation that local governments enact the practice of long term financial planning.
“Since taking office in 2010, we pledged to the residents of the town that we would financially plan for their future in the long term,” said Supervisor Brabenec. “I am proud that my administration and this town board has been ahead of the curve when it comes to this best practice that has just been recommended by the Comptroller of the State of New York.”
Deerpark officials, in response to the town’s past financial difficulties, enacted a resolution in 2010 to require the Supervisor and Town Board to enact a multi-year financial plan for the town. It is also required that updates be made to the plan annually and required future elected town boards to continue the practice. Long Term Financial Plans have been adopted by the town board in 2010, 2011, and 2012.
In a report released Wednesday, DiNapoli urged local governments to institute effective multi-year financial planning processes to identify structural imbalances between revenues and expenditures, and use excess fund balances for immediate needs such as paying off debt.
This is not the first time Deerpark has been a leader in enacting best practice policies. The town was recognized last year by the New York State Association of Towns for it’s Emergency Preparedness Law, which became a model for other municipalities around the state.
“Once again, Deerpark is a leader in the state of New York in best practices by local governments and we will continue to do whatever is in the best interests of the residents of the town,” said Councilman David M. Hoovler.
