Suffolk plan to borrow $158.5M advances
Photo credit: NY Office of the State Comptroller | Comptroller Joseph Sawicki said it was the first time the county has ever sought to borrow to pay salary increases.
A pair of borrowings totaling $158.5 million won approval in a Suffolk committee Tuesday as county lawmakers moved to ensure that the county can meet payroll and cover other expenses in the first half of 2013.
The budget committee authorized borrowing of up to $38.5 million to pay for last fall's arbitration award to correction officers. Comptroller Joseph Sawicki said it was the first time...
