Pidot said his financial expertise would help him be an effective City Council member. "I have an understanding of what an organization's assets and liabilities look like, what's a more efficient way to do business, where the waste is, where the actual abuse may be," he said. He also said not enough is being done to reduce the city's debt. He pointed to reports by the state comptroller's office that criticized the city for paying operating expenses with debt rather than with operating revenues. "We want to immediately, as a matter of policy, no longer borrow money to cover operating expenses -- in other words to paper over the fact we can't balance the budget by just borrowing more money. We've borrowed just about every penny we can borrow." Pidot said the city should examine whether its workforce is too large and whether some employees earn too much.
Pidot, 39, is running as a Glen Cove United candidate. Pidot, who grew up in Locust Valley, runs a financial products start-up and in the past worked in asset management and as a financial fraud investigator. Pidot earned a bachelor's degree in economics from the University of Notre Dame and a master of business administration from the University of Virginia. When he was living in Manhattan in 2006, he ran unsuccessfully for New York State Senate. He is an occasional commentator on FoxNews.com's "Strategy Room." He lives in Glen Cove with his wife and two children.