NIFA meeting Tuesday eyes Nassau finances

The Nassau Interim Finance Authority, a state monitoring board, meets Tuesday to review Nassau's finances.

NIFA officials declined to comment on the meeting. County Executive Edward Mangano is not expected to attend.

NIFA chairman Ronald Stack said at the agency's last public meeting in September that Mangano's proposed $2.6 billion budget was not balanced. Since then, the Republican-led county legislature and Mangano have made changes that they say put next year's budget into the black.

The state agency has the authority take control of the county's finances if Nassau runs a 1 percent deficit or if a 1 percent deficit seems likely. It has hired the state's former top judge, Judith Kaye, to research its legal powers.

Incoming governor Andrew Cuomo dampened speculation about a takeover when he said late last month that Mangano should be given a chance to fix the county's finances before the state dictates what should be done.