Islip Town Candidates Hafele and Fidelia Blame GOP Town Board Members For Recent Downgrade
Islip, NY –Ratings Service Standard & Poor’s has officially revised its outlook on Islip Town debt downward from stable to negative, dealing a serious blow to the credibility of the all-Republican Town Council, which has failed to make substantial progress towards balancing the budget over the last two years of their administration. The report, issued on August 22nd, states that the Board’s work has “not been sufficient in closing the budget’s structural imbalance,” and suggests that if the Town Council doesn’t take the issue more seriously, the town will lose its ‘AAA’ bond rating.
“For months, the board was so busy fighting with each other over an obvious power-grab that they failed to notice our bond rating was slipping,” said...| read more ››