Spin Cycle

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Nassau County Executive Thomas Suozzi says he is handing off a balanced $2.6 billion county budget for 2010 when he leaves office at the end of the month, but incoming CE Edward Mangano is taking a wait-and-see approach.

After meeting with Suozzi’s top budget aides last week, Mangano was asked if he thought the budget was in fact in balance.

“That is their statement. Our assessment has just begun, but we all agree that it is important that we proceed with a balanced budget,” he said.

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The all-important revenue from sales tax, a bit less than 40 percent of the county’s budget, is running 7.1 percent below last year as of Friday, when the county got the most recent check from the state.

That’s one percent worse than the 6 percent drop projected by Suozzi, which would amount to a shortfall of $10 million if the trend holds, but the traditional big Christmas surge in sales tax won’t be known until January.