Judge Supports State Take Over of Nassau County Finances
Monday, March 14, 2011
A state judge said he won't block the take over of Nassau County finances by a New York fiscal watchdog group.
Nassau County officials requested a preliminary injunction to block the Nassau Interim Finance Authority (NIFA) from taking control of the budget. Justice Arthur Diamond denied the request.
Nassau County executive Edward Mangano insists the county's books are balanced and is adjusting the county's tax assessment policy to deal with ballooning deficits.
In January NIFA voted to enact a control period, citing a $176 million budget gap.
The county attorney is reviewing the judge's decision.