Rockland County Government may owe $96 million in a deficit bond, but for the first six months of this year, it has been operating in the black.

County Executive Edwin Day said his administration, which has been in office for six months, has been keeping a tight watch on spending.

“We are dealing with a number of what I call ‘the wild card and the albatross’,” Day said. “The wild card is the sale of Summit Park, which is a $2 million a month drain upon our county finances, and the albatross is we have to pay off our third mortgage, as I call it. We have a deficit bond that has been used essentially to pull this county off the cliff and we have to pay that down now just like anyone has to pay a mortgage off.”

Day said with continued frugal spending, Rockland will be able to pay off that debt over the long-term.

(Source: MidHudsonnews)