Welcome to our DebtDash
A Message From Our
City Manager
Daniel Creighton
City Manager
Welcome to the Strategic Fiscal Improvement Dashboard for the City of Long Beach, New York.
This resource has been created to provide the residents of Long Beach and credit rating agencies with an in-depth perspective of the City’s financial operations. It includes a host of important financial information: budgets, audits, financial ratings from independent agencies, policies, status reports and more. This dashboard will continue to be updated and expanded so as to serve as a critical resource for those seeking the fullest perspective on the City’s current and projected financial position.
Since its launch in 2021, the City has made significant progress on its path to improved fiscal health. Operational deficits that required significant borrowing have been eliminated. Fund surplus (essentially, funds with no designated purpose) has improved dramatically, which is a strong indicator of liquidity and fiscal health. Significant legal liabilities were resolved. These and many other operational corrective actions, policy revisions, and expanded revenue streams have resulted in an improvement in the City’s credit rating and a drastic decline (as identified by the NYS Comptroller) in susceptibility to fiscal stress.
As City Manager, I will work with our strong team of committed professionals to continue the transition from a financially challenged community to one that is thriving. I am confident that, with our leadership team, Long Beach will realize its full potential and become a place all our residents will proudly call home.
Daniel Creighton
Fiscal Document Library
Gain access to prior year audits, budgets, fiscal polices and other key documents
A credit rating is the primary factor in determining an entity’s ability to access to the capital markets, and ultimately the interest rate that is paid, it is a crucial factor to an entity’s fiscal health.
Current Credit Rating. The City possesses a credit rating with Moody’s Investors Service, Inc. (“Moody’s”). On January 26, 2024, Moody’s upgraded the City’s underlying credit rating to “A3” from “Baa1”.
The above image provides a link to the Municipal Securities Rulemaking Board’s EMMA® website. Copyright © 2019 Municipal Securities Rulemaking Board.
Year-to-Date Budget Status Reports
Gain access to year-to-date status reports. The reportsshould be considered extremely preliminary, unaudited and subject to change.
Key Team Contacts
Points of Contacts
Daniel Creighton
City Manager
City Manager
Phone: (516) 431-1001
Email: citymanager@longbeachny.gov
The Office of the City Manager supervises, coordinates, and delivers municipal services to its residents in a fiscally responsible, efficient, responsive, and friendly manner as prescribed by the City Council. Protecting the safety of our residents and our barrier island is the number one priority of the City Manager’s Office, including the creation of a healthy atmosphere in which we can live and raise our families. The Office of the City Manager leads, directs, and supports all of the City’s departments. The office systematically enhances the Long Beach life for residents, business owners, and visitors by governing responsibly and effectively managing and protecting public resources. The Office of the City Manager works to build trust in government by promoting transparency through public communication.
Inna Reznik
City Comptroller
City Comptroller
Phone: (516) 431-1004
Email: ireznik@longbeachny.gov
The City Comptroller’s goal is to provide the City Council and City Manager with sound fiscal advice, to ensure financial transactions are properly supported and recorded, and to safeguard the financial assets of the City, while ensuring the City’s various departments work within their respective budgets.
Capital Markets Advisors, LLC
Strategic Advisor
Primary Contact: Margaret Guarino, Managing Director
Phone: (516) 364-6363
Email: mguarino@capmark.org
Website: www.capmark.org
Capital Markets Advisors, LLC
Municipal Advisor
Primary Contact: Tom Vouzakis, Vice President
Phone: (516) 487-9818
Email: tvouzakis@capmark.org
Website: www.capmark.org
Powered By DebtDash
(Local Government Solutions, LLC) &
Capital Markets Advisors, LLC
Disclaimer: In preparing this site, Local Goverenment Solutions, LLC (“LGS”) has relied upon City officials, and other sources, who have access to relevant data to provide accurate information. LGS has not been engaged, nor has it undertaken, to independently verify the accuracy of such information. LGS is not a public accounting firm and has not been engaged by the City to compile, review, examine or audit any information on this site. The information of this site should be considered unaudited, preliminary and remains subject to change and adjustment, as necessary. Furthermore, the information provided on this site does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of municipal securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Offers to purchase securities may be made only through a registered broker-dealer and through an official statement.