Stripping NIFA's power would hurt Nassau
Photo credit: Danielle Finkelstein | Ronald A. Stack, along with the rest of the Nassau Interim Finance Authority, voted on the county's 2013 budget and capital spending for superstorm Sandy in Uniondale. (Nov. 29, 2012)
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A financial control board stripped of its most potent weapon isn't going to have much control. But that's what could result if a ruling by U.S. District Court Judge Leonard Wexler stands.
Wexler ruled two weeks ago that the Nassau Interim Finance Authority, a state control board overseeing Nassau County's finances, did not have the power in March 2011 to freeze public employee pay hikes and...
Nassau's budget deficit
NIFA's vote on Nassau 2012 budget