County Executive to Lay Out 2015 Budget at New City Library

County Executive Ed Day will unveil his proposed fiscal year 2015 budget to reporters during a briefing Oct. 16.

Rockland was labeled the most “fiscally stressed” county in New York by the state Comptroller’s Office, county officials said.

The financial crisis stretches back years—the deficit was $95 million in 2012; Moody’s dowgraded the county’s credit rating in 2013; by the time Day took office Jan. 1 2014 the deficit was upwards of $145 million—and much of the work of the county government this year has been on fiscal matters, including the sale of a $96 million deficit financing bond.

At 10 a.m. Thursday, Day will lay out an aggressive plan that attacks the deficit and leads to financial stability, according to his office.