Facing a budget deficit of $310 million next year, Nassau County Executive Edward Mangano is proposing to cut 700 government jobs, consolidate police precincts— and reduce paid holidays.
Mangano said too much spending — not too little revenue — is the reason for the expected shortfall in 2012.
"The projected deficit is the result of a broken assessment system, unaffordable labor contracts and a sluggish economy, collectively creating a fiscal crisis," Mangano said.
Nassau's overall budget is aproximately $2.6 billion dollars.
Mangano said the county can save $110 million through layoffs, which would amount to a 10 percent reduction in the number of people on the county payroll.
While some police could be let go, Mangano is pledging to keep the same number of officers on patrol.
He will need the cooperation of labor unions and the legislature in Albany to get all the spending cuts he is asking for.
Watch County Executive Mangano's FY 2012 budget announcement and discussion with reporters.