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The ugly financial truth is clearer in Nassau County

JULY 3, 2018 | by Editorial Board | NEWSDAY (NEW YORK)

"The Nassau County comptroller’s office closed the books … when it delivered the county’s Comprehensive Annual Financial Report for 2017. It also closed the books on the longtime practice of using deceptive accounting measures. The report for the first time uses only generally accepted accounting principles, rather than pretending that borrowed money is income.” (Note: Nassau County received a clean audit opinion re: GAAP in 2016. Something smells, in the media, Nassau County, or both.)

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