NIFA criticizes Nassau debt-buy plan

Originally published: September 24, 2012 8:20 PM
Updated: September 24, 2012 9:31 PM
By CELESTE HADRICK celeste.hadrick@newsday.com

Photo credit: Howard Schnapp | NIFA board meets in Uniondale. (Sept. 24, 2012)

Videos

NIFA chairman Ronald A. Stack comments on Nassau

Reaction to Mangano's budget plan At a Mineola news conference, Nassau Comptroller George

Nassau's budget deficit County supporters share mixed reactions to the budget

NIFA's vote on Nassau 2012 budget

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Nassau County Executive Edward Mangano, left, and Nassau

Nassau County Executive Edward Mangano J. RUSSEL SPRAGUE NASSAU -- 1938-1952 County Executive

County Executives on Long Island

Web links

Blog: The Spin Cycle

Several members of a state fiscal control board Monday denounced a plan by Nassau County to allow a private investor to buy $20 million in debt from residential tax protest firms that won property tax refunds last year.

Under the plan, the private investor would pay some 18,000 homeowners who have been waiting a year for their tax refunds, while the county would pay back the investor over...

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