Suffolk’s Budget Shrinkage

Suffolk County Executive Steve Bellone announced his proposed 2013-2015 capital budget of $129.9 million.

The proposed spending plan is a 21% decrease from the 2012 adopted capital budget of $163.8 million.

“This is a leaner capital budget than we’ve seen in the past, but we are making critical investments in long-term economic growth, public safety and infrastructure,” Bellone said in a statement.

Bellone also proposed a 2013-2015 capital program, which includes dredging of county waters, economic development infrastructure projects, strengthening and improving roads, and facility renovations, among other projects.

The eastern Long Island county, which has a three-year budget deficit of $530 million, is rated at A1 by Moody’s Investors Service, AA by Standard & Poor’s and AA-minus by Fitch Ratings.

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