Spin Cycle

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Nassau County would get state permission to borrow $305 million to pay property-tax refunds, under a bill introduced last night by state Senate Republicans.

Under the bill, Nassau County Executive Edward Mangano would just need a majority vote from the county legislature to issue bonds up to $305 million. It says he wouldn’t have to go through the Nassau Interim Finance Authority to obtain permission to borrow.

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The bill’s chances are uncertain, as lawmakers move into the final days of the 2013 legislative session. Importantly, no one in the Democrat-controlled Assembly has signed on to sponsor the bill yet.

 The attempt to fix Nassau’s finances comes just two weeks after Democrats, in a committee vote in the county legislature, voted to block a proposal to borrow $183 million the county owes for tax settlements.