When a village board borrows money, it isn’t a blank check to spend as they please.. In December 2019, the Village of Wappingers Falls took out a $350,000 loan ( a Bond Anticipation Note) that was legally restricted and explicitly earmarked for one single purpose: repairing the village dam. But the Village Board never even...
June 9, 2026
Tag: Finances
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The Treasurer’s Changed, But the Board Didn’t: Debunking Village Hall’s Latest Excuse
THE “TREASURER TURNOVER” EXCUSE: Why It Doesn’t Fly. I recently spoke with a Village Trustee who tried to blame the scathing June 2026 State Comptroller follow-up audit on “rapid treasurer turnover.” Let’s cut that deflection right at the start: High turnover is not an excuse for a lack of oversight—it is the exact moment keen...
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New State Audit Slams Village’s Lack of Financial Progress
Missing Stamps, Diverted Funds, and $4.2M Unreconciled: The State’s Shocking Wappingers Falls Audit Update If you have followed ny FB group you know I’ve repeatedly questioned our local government’s lack of transparency and fiscal oversight. The NY State Comptroller’s newly released June 2026 report just validated every single one of those concerns. The state warns...
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Where are the Annual Financial Reports?
As residents and taxpayers of Wappingers Falls, we deserve to know how our money is being spent. Unfortunately, a critical piece of that puzzle—the Annual Financial Report (AFR)—is missing. The last AFR available for fiscal year 2022. WHAT IS AN AFR AND WHY DOES IT MATTER? The Annual Financial Report (AFR) is a comprehensive report...