If Oyster Bay Town Supervisor John Venditto had the same job in the business world as he has in government, he would probably be fired [“Venditto on bond embarrassment,” News column, May 1]. He should resign.
On top of the corruption scandals that marked his administration in 2015, we now see how badly his administration has mismanaged the finances of Oyster Bay. Only five years ago, the town’s bonds had a Triple A rating from Standard & Poor’s. Now the credit is rated at junk-bond status. Estimates are that the interest rate for borrowing could rise as much as 50 percent, which hits you and me right in our pocketbooks.
To make matters worse, Venditto has appointed a task force composed of some of the very culprits who got us into this mess to study what happened and how to recover. What a joke.
What is needed is an outside, impartial review board appointed by state Comptroller Thomas DiNapoli.
There’s a bill being discussed in the State Legislature that would provide a mechanism for recall elections. Great idea, with all the corruption in Nassau, Suffolk and New York City.
Steven Haar, Bayville