Wednesday, November 30, 2016

Tuesday, November 29, 2016

no jerk chicken for you

nassau otb did operate with two directors in violation of ny pml sec 502 for an extended period of time.

the nassau otb branch in carle place did contain a rent paying restaurant tenant. ask dino g amoroso.
the space has been empty for years because.........










Investor Relations


  1. 20 Bay Park
    Resiliency Projects at Bay Park Water Treatment Plants
  2. 150612_Cam Entry FINAL SMALL
    Nassau Hub
  3. Family and Matrimonial Building (Exterior)
    Family Court
  4. New Nassau Coliseum_credit SHoP Architects
    Nassau Veterans Memorial Coliseum
Welcome to the Nassau County, New York’s investor website.

This website is intended to provide current and potential investors with transparent information related to the County’s debt program. The County takes its relationship with investors seriously and continually endeavors to improve its disclosure and provide access to relevant information. The County’s disclosure team includes experienced personnel from the Office of the Treasurer, the Office of Management & Budget and the County Attorney’s Office.

This website includes the County’s financial reports, audited financial statements, and current rating agency reports, along with information about the County’s debt and capital programs.

The County issues debt to fund, among other things, projects in its capital plan such as buildings, equipment, infrastructure, parks, public safety, roads, technology, traffic and transportation, sewer and storm water resources, and open space preservation. The County also issues cash flow notes to fund a timing difference between the receipt of revenues and the payment of expenses. 
Nassau County and Related Authorities Bond Ratings

Click on each rating to see the credit report
Types of ObligationMoody's  S&P  Fitch
General Obligation Bonds (GO)A2A+A
Regional Off-Track Betting (OTB)Baa1AA-
Sewer & Storm Water Finance Authority (SSWFA)Aa3AAA--
Nassau County Interim Finance Authority (NIFA)Aa1AAAAAA
Tax Anticipation Notes*--SP-1+F1
Revenue Anticipation Notes*--SP-1+F1
OutlookStableNegativeStable
Ratings as of June 2016

*Information in the linked report is only updated with TANs or RANs rating report. Please see the GO report for the most up-to-date GO analysis and opinion.
Base CUSIP List 
Click on each CUSIP to be directed to the Electronic
Municipal Market Access website
GOOTBSSWFANHCC
63165363168163166Q631670
631654------------63167N
631655------------------
63165M------------------
63165N------------------
63165T------------------
CUSIP data herein are provided by Standard & Poor's, CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. The CUSIP numbers are being provided solely for the convenience of the holders of the Notes and Bonds and the County makes no representation with respect to such numbers or undertakes any responsibility for their accuracy now or at any time in the future. The CUSIP number is subject to being changed after the issuance of Notes or Bonds as a result of various subsequent actions including, but not limited to, the procurement of secondary market portfolio insurance or other similar enhancement by investors that is applicable to all or a portion of the Notes or Bonds.


topbkg2

awalsh@nassauotb.com doing union work

dear records access officer:

   this is a request pursuant to the ny freedom of information law, ny pub off law sec 84 etc, for a certified copy of records showing the name, date of hire and salary of each and every employee of the nassau regional off track betting corporation, nassau otb.

see ny pub off law sec 87(3)(b)

3. Each agency shall maintain:
(a) a record of the final vote of each member in every agency proceeding in which the member votes;
(b) a record setting forth the name, public office address, title and salary of every officer or employee of the agency; and
(c) a reasonably detailed current list by subject matter, of all records in the possession of the agency, whether or not available under this article. Each agency shall update its subject matter list annually,  and  the date of the most recent update shall be conspicuously indicated on the list. Each state agency as defined in subdivision four  of this section  that maintains a website shall post its current list on its website and such posting shall be linked to the website of the committee on open government. Any such agency that does not maintain a  website shall arrange to have its list posted on the website of the committee on open government.

suffolk county legislator, kevin mccaffrey, president of the union  that represents some nassau otb employees,  declines to provide union employees with a seniority list enabling them to determine their relative position should demotions and layoffs occur at nassau obt if and when employees decline to accept the retirement incenitive proffered by nassau otb



Nassau OTB to offer retirement incentives to trim workforce

 Reprints  + -


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Nassau Regional Off-Track Betting Corp, looking to trim expenses amid declining revenue, will offer another round of early retirement incentives to its 193 employees in an effort to cut its workforce by a fourth and save up to $2.5 million.
The incentive, OTB’s second in two years, comes as the agency works to improve its lagging finances after securing approval for a deal transferring its authority to operate 1,000 video slot machines to Resorts World Casino at Aqueduct.
OTB President Joseph Cairo said the agency needs to reduce its workforce by 50-55 employees, saving between $2 million and $2.5 million annually. If the program misses its target, Cairo said layoffs are possible.
STORYChurch to buy Nassau OTB building for $3.2M
“We need to cut costs to break even or become profitable,” he said. “Layoffs definitely will be considered.”
The incentive, approved by the OTB board Thursday in Mineola, would pay employees 1 percent of their base salary for every year of service with the agency or every year in the New York State Retirement System — whichever figure is higher — with no cap on their total service time.
The incentive is open to all OTB staffers, including its 85 part-time cashiers. OTB has 116 employees over the age of 55 and 53 older than 65. The incentive would be prorated and paid biweekly over six months.
OTB offered a similar incentive in March 2015, expecting 40 employees to take the deal but only a dozen staffers departed. After paying the incentive and any unused sick and vacation time, the retirements saved OTB $192,000 in 2015 and about $800,000 in 2016, Cairo said.
In recent months, OTB cut costs by selling its Farmingdale branch building to a church for $3.2 million and refinancing the Green Acres branch building in Valley Stream. OTB is also considering cutting weekday hours at some of its less trafficked branches.
Last month, the State Gaming Commission approved a deal transferring OTB’s authority to open a Nassau casino to Genting New York LLC, which operates Resorts World.
ADVERTISEMENT | ADVERTISE ON NEWSDAY
The deal stipulates that Genting pay OTB $9 million this year — $3 million was used to pay a debt to a Manhattan investment bank — $9 million in 2017/2018 and $25 million every year thereafter. OTB, which is prohibited by state law from keeping any profits, will give the county $3 million this year, $3 million in 2017/2018 and $20 million every year thereafter.
The plan, Cairo said, should allow OTB to break even in seven years. OTB has a $7.5 million in total debt, officials said.
Suffolk Legis. Kevin McCaffrey (R-Lindenhurst), the president of Teamsters Local 707, which represents Nassau OTB employees, did not respond to a request for comment.
The deadline to accept the incentive is Jan. 6, 2017.

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Monday, November 28, 2016

at page 13 no agreement. nifa

nassau itb employeees do not need kevin mccaffrey words but rather iriginal source documents to study




www.nifa.state.ny.us › reports_financial
Oct 13, 2016 - GAAP Basis, the statutory standard by which NIFA is required to measure balance, in FY. 2018. ..... noted on page 7, no binding agreement exists between OTB and the County guaranteeing.



www.nifa.state.ny.us › reports_financial
Oct 13, 2016 - GAAP Basis, the statutory standard by which NIFA is required to measure balance, in FY. 2018. ..... noted on page 7, no binding agreement exists between OTB and the County guaranteeing.



www.nifa.state.ny.us › reports_financial
Oct 13, 2016 - GAAP Basis, the statutory standard by which NIFA is required to measure balance, in FY. 2018. ..... noted on page 7, no binding agreement exists between OTB and the County guaranteeing.