FOR IMMEDIATE RELEASE Friday, May 10, 2013

County Executive Daniel P. McCoy Statement: Real Time Review of the Numbers Shows Nursing Home Losses Escalating
“As the discussions surrounding the losses at the Albany County Nursing Home continue, today I asked the Commissioner of the Division of Management and Budget to provide an up-to-date account of where we stand fiscally in operating the Albany County Nursing Home. It was confirmed that we are losing about $1 million a month by operating the facility and that the county is on track to lose $12 million over the course of 2013. The review of expenses shows that over the first four months of the year, the county had a total of $10.7 million in expenses and $6.6 million in revenue in that time period. That confirms what I have been saying for over a year. The county cannot continue to fund the nursing home without impacting overall government operations. What troubles me is the fact that this is not surprising or even news for the Majority in the County Legislature. When the Legislature voted on the 2013 budget they knew full well that the county would be in this position; that the county’s losses would be unsustainable. What I cannot understand today, three days before a crucial vote on the future of the nursing home, is how they can question the numbers we’ve put forward. When questions are raised by legislators about the accuracy of the figures, either they didn’t do their due diligence before approving the budget or they are being disingenuous. Various studies have all ended up with the same conclusion: we should not be in the nursing home business. My administration has been talking about this issue and the losses for 18 months and now the Majority is seeking to advance a dubious “rescue,” which was planned, negotiated and vetted behind closed doors with no public input. This is not the way to do business. My plan is the right one. I have provided ample opportunity for open and transparent discussions of how we need to move forward to protect taxpayers and the residents, who have been subject to confusion and uncertainty by a tidal wave of misinformation provided by people whose only interest is their own. It’s time we end this discussion, put the plan up for a vote and do what’s right.”

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