That Time When Bruce Tucker Sandbagged You For NINE MONTHS.

When carefully reviewing the Internet website of the New York State Comptroller and its “Fiscal Stress Monitoring System”, you will notice that the Village of Piermont, New York, once you search it on the website, is one of the few villages in New York State currently showing a “Not Filed” in connection with its Fiscal Year 2023 report:

https://wwe1.osc.state.ny.us/localgov/fiscalmonitoring/fsms.cfm
 
Apparently, even though the website will ultimately be updated to 2024 data, that 2023 “Not Filed” entry will never change within the NYS Comptroller database - because once a municipality like Piermont blows the filing deadline for a particular Fiscal Year, the NYS Comptroller does not thereafter go back in time and amend the website and entries retroactively for that Fiscal Year. At that point, it’s “No soup for you, Village”.
 
Therefore, as a result, Piermont currently shows no “Fiscal Score”, no “Environmental Score”, and no “Health Designation” for Fiscal Year 2023, when you search “Piermont” in the NYS Comptroller database. So much for “Fiscal Stress Monitoring”:
https://wwe1.osc.state.ny.us/localgov/fiscalmonitoring/fsms.cfm
 
That’s right. According to the NYS Comptroller's office, by virtue of the Village government of Piermont blowing the New York State filing deadline, the Village government thereby made sure that we would never see the village’s “Fiscal Score”, “Environmental Score”, and “Health Designation” for Fiscal Year 2023. You think that this wasn’t on purpose? If you are a taxpayer and resident of Piermont, you should be apoplectic right now.
 
In these regards, I just took an extensive phone conference with the NYS Comptroller’s office today. The Village of Piermont’s prior Fiscal Year ended on May 31, 2023. Therefore, given its approximate 2,500-resident size, Piermont's Fiscal Year 2023 report was due for filing with New York State 60 days later, on July 31, 2023. Yet the bumbling Village of Piermont government asked for and obtained a 60-day extension, meaning that the Piermont FY 2023 report was then due for filing on September 30, 2023.
 
Well, guess what? Yes, the Village of Piermont did finally get around to filing its Fiscal Year 2023 report – but Piermont filed it with New York State just a few weeks ago, on June 11, 2024 – almost 9 months after the previously-extended due date.
 
Do you wonder why Piermont failed to make even the extended deadline, and then sat on the filing for almost 9 months thereafter?
 
Actually, I don’t wonder. It’s obvious what Piermont village “government” is trying to conceal from y’all.

That’s why we are launching our own plenary inquiry into all of the Village of Piermont’s financials, including CPA reports, and all available documents relating to municipal bonds and bond ratings, from the period in time of 2017 through 2024.
 
I would therefore ask that all of you please participate in this all-important research – especially those with financial backgrounds and financial acumen. I already know that there are plenty of Piermont residents who know how to handle money better than current Mayor and former Elizabeth New Jersey home goods garmento Bruce Tucker. For starters, to save you time, and to the extent that you do not normally work with these tools already, I offer the following powerful tools:
 
1.
The New York State Comptroller’s “Open Book New York” website. 

[Scroll down to "Local Government Data"]:
https://www.osc.ny.gov/open-book-new-york
 
2.
Electronic Municipal Market Access (EMMA) - for municipal bond information.
[In the search-bar at the upper right hand corner, search “Piermont NY” exactly as it reads in the quotation-marks]:
https://emma.msrb.org/
 
Thank you for your consideration of this memo.
 
John J. Tormey III, Esq.