By now, the innocent previously-unsuspecting
2,500 residents of the Village of Piermont, New York are waking-up to Piermont Mayor
Bruce Tucker’s appalling fiscal management practices. The public-record documents
re-printed below will further assist that awakening.
As you know, Mayor Bruce Tucker took Piermont all the way from a positive US$800,000+ Net Position, to a negative (-US$7,600,000) Net Position directly into the hole, within a few short years in office. Mayor Bruce Tucker then intentionally blew-through the Rockland County tax cap, abruptly raising taxes 6.9%. He even confessed to a shady manipulation of an “unassigned fund balance”, depriving Piermont residents of meaningful tax relief, so as to mislead Wall Street bond analysts:
https://unhandpiermont.blogspot.com/2024/08/takin-it-to-street.html
Mayor Bruce Tucker is now squandering an unconscionable amount of Piermont resident taxpayer dollars on senseless litigation estimated to be upwards of six figures, waging economic war against his own constituents – the very same people who once trusted him and voted him into office 7 years ago:
https://unhandpiermont.blogspot.com/2024/11/bruce-tucker-piermont-mayor-fiscal.html
Moreover, Bruce Tucker and his contemptible Village Hall flunkies suppressed and concealed financials and development plans from Piermont residents for years. Tucker and Piermont village government even defaulted on the timely furnishing of Piermont financials to the New York State Comptroller (OSC) for inclusion in the OSC’s Fiscal Stress Monitoring System this past year. The resultant outcry is now reported to have put Bruce Tucker’s Village of Piermont under a New York State Comptroller "Risk Assessment". When OSC audits occur, they are normally prefaced by such a "Risk Assessment":
https://unhandpiermont.blogspot.com/2024/11/something-to-talk-about.html
https://unhandpiermont.blogspot.com/2024/11/vacuuming-bruce-tuckers-detritus.html
Because of Garmento Mayor Bruce Tucker, the Village of Piermont’s bond-rating is likely headed directly into the septic-system by the next review cycle – which is the only conceivable result fair to the bona fide bondholder-purchasers.
The question is, how did we even get here? Where and how did Bruce Tucker learn to be such an abject financial black hole?
Well, Bruce Tucker started as an illustrious garmento sheet and towel salesman for “Rainbow Linens, Inc.” - possibly as a result of a cash infusion from Bruce's associate Carmine Spinella in the amount of approximately US$25,000 or US$50,000... Years ago... In Elizabeth... New Jersey... Carmine Spinella now owns a horse farm in Colt's Neck.
As you know, Mayor Bruce Tucker took Piermont all the way from a positive US$800,000+ Net Position, to a negative (-US$7,600,000) Net Position directly into the hole, within a few short years in office. Mayor Bruce Tucker then intentionally blew-through the Rockland County tax cap, abruptly raising taxes 6.9%. He even confessed to a shady manipulation of an “unassigned fund balance”, depriving Piermont residents of meaningful tax relief, so as to mislead Wall Street bond analysts:
https://unhandpiermont.blogspot.com/2024/08/takin-it-to-street.html
Mayor Bruce Tucker is now squandering an unconscionable amount of Piermont resident taxpayer dollars on senseless litigation estimated to be upwards of six figures, waging economic war against his own constituents – the very same people who once trusted him and voted him into office 7 years ago:
https://unhandpiermont.blogspot.com/2024/11/bruce-tucker-piermont-mayor-fiscal.html
Moreover, Bruce Tucker and his contemptible Village Hall flunkies suppressed and concealed financials and development plans from Piermont residents for years. Tucker and Piermont village government even defaulted on the timely furnishing of Piermont financials to the New York State Comptroller (OSC) for inclusion in the OSC’s Fiscal Stress Monitoring System this past year. The resultant outcry is now reported to have put Bruce Tucker’s Village of Piermont under a New York State Comptroller "Risk Assessment". When OSC audits occur, they are normally prefaced by such a "Risk Assessment":
https://unhandpiermont.blogspot.com/2024/11/something-to-talk-about.html
https://unhandpiermont.blogspot.com/2024/11/vacuuming-bruce-tuckers-detritus.html
Because of Garmento Mayor Bruce Tucker, the Village of Piermont’s bond-rating is likely headed directly into the septic-system by the next review cycle – which is the only conceivable result fair to the bona fide bondholder-purchasers.
The question is, how did we even get here? Where and how did Bruce Tucker learn to be such an abject financial black hole?
Well, Bruce Tucker started as an illustrious garmento sheet and towel salesman for “Rainbow Linens, Inc.” - possibly as a result of a cash infusion from Bruce's associate Carmine Spinella in the amount of approximately US$25,000 or US$50,000... Years ago... In Elizabeth... New Jersey... Carmine Spinella now owns a horse farm in Colt's Neck.
Oh, yeah, we’ll come back to that one.
Yet the documents which you will want to review now, in the meantime, are the documents printed below. These documents are all gleaned as a matter of public record from the Rockland County Clerk’s office. Moreover, these documents reflect a pattern and practice of Bruce Tucker risk-taking, which might surprise some of you.
The documents printed below indicate that a number of years ago, Bruce Tucker mortgaged his own family home, to continue being a sheet and towel salesman. That’s right. Bruce Tucker put his house half a million dollars in hock, to be able to continue as Garmento Bruce.
Some of you may think that was just a businessman being a businessman. Yet remember that when Bruce Tucker put his family home half a million dollars in hock, he was already married, and held title to that same home with his wife. Never mind that Bruce Tucker put himself at risk by mortgaging his home against a Jersey-based garmento business. Bruce Tucker thereby put his wife at risk, too – regardless of the fact that she appears to have gone along with the whole maneuver at the time.
Another thing to remember, is that no one in Piermont, New York really seems to know how Bruce Tucker got there. No one really seems to know how Tucker ended up occupying the Mayor’s office in Piermont Village Hall, other than the fact that the talent-pool in Piermont has at all times been too shallow otherwise, and that Tucker faces very little serious opposition when elected. (I mean, the main current and self-anointed contender for Tucker’s role as Piermont Mayor is an HVAC clerk and deposed “Former Mayor” who keeps adding exclamation-points to seemingly every other sentence in his sophistic pedestrian social media posts - not exactly John Lindsay).
Current Piermont Mayor Bruce Tucker slipped into the mayoral role while self-touting as a “successful businessman”. When the Piermont overdevelopment problem became known this year, Bruce Tucker even had one of his minions from Piermont Hose post to social media in Tucker’s “defense”, claiming that Tucker had sold-off Rainbow Linens as a multi-million dollar business.
Well, for one thing, the records suggest that Tucker may have simply sold that Tucker-and-Spinella sheet and towel business off, merging it into another business, after less than three years in his Manhattan showroom. In laundry-speak, you ‘gotta know when to fold ‘em.
For another thing, if Rainbow Linens were in fact such a successful business, why would Bruce Tucker have been so willing to dump it, after less than three years in his Manhattan showroom?
Here's another question. If Bruce Tucker and Rainbow Linens were so financially successful, then why did the 1998 continuation of that garmento business compel Bruce Tucker to put himself, his wife, and their family home in hock to the tune of half a million dollars? Why didn't he just tap existing cash-on-hand? (See the documents re-printed below).
The New York State Comptroller (OSC) is expected to continue to parse-through Bruce Tucker’s Village of Piermont financial records with their proverbial fine-tooth comb. OSC may then issue a written report of their findings, and place those findings on the public record, so that every Village of Piermont resident can see where and how their millions of taxpayer dollars disappeared. We might even get a press release out of OSC when that happens.
Yet just as Bruce Tucker spent the Village of Piermont into oblivion within a few short years while engaging in what appears to be risk-taking behavior to the extreme, there are some other gambling men out here, too. And right now, I am betting that one citizen-undertaken review of Bruce Tucker and his relationship to Rainbow Linens and Carmine Spinella will yield findings which are even more interesting and revelatory than the OSC audit findings themselves.
In the meantime, the next time that you see Mayor Bruce Tucker in Village Hall, or on a Piermont street, ask him what he owes - and to whom.
The Garmento-in-hock documents follow:
