NIFA warns Nassau could have $25M deficit
Photo credit: David Pokress | NIFA board chairman Ronald Stack discusses the proposed Nassau County financial plan. (Oct. 25, 2012)
Nassau's budget deficit
NIFA's vote on Nassau 2012 budgetGalleries
Nassau County Executive Edward Mangano
Nassau's fiscal control board warned Thursday that the county could end 2012 with a $25 million cash deficit, which could grow to $56 million by the end of next year if steps are not taken to raise revenue or cut costs.
The state board at a meeting in Uniondale also adopted a staff report directing the county to remove future-year proceeds of $80 million from selling its sewage treatment system...
