Suffolk's fiscal pain resembles Nassau's

Is Suffolk the new Nassau?

Whatever the differences in how they got here, the governments of Long Island's two counties suddenly find themselves in the same excruciating predicament: No cash!

From Brokehaven to No-mo-riches, from Poor Jeff Station to Dire Island, Suffolk exec Steve Bellone has declared an official fiscal emergency and is preparing people for painful cuts; pretty much whatever's required to avoid a financial takeover by New York State.

No one wants that.

As Nassau officials learned the hard way, it's no fun at all having some stickler from Albany reviewing every last nickel that comes in or out.

But the spreadsheets don't lie. Suffolk is facing a three-year deficit of $530 million after sales- and property-tax revenue failed to keep pace with rising expenditures. Bellone doesn't have many choices. And none of them is cheery at all.

Cut stuff people love -- or keep on spending blindly 'til Uncle Oversight swoops in. For now at least, he's talking the "painful steps" approach.

Recent Nassau history teaches there is often quite a gap between tough fiscal talk and tough fiscal action. Saying you'll be ruthless isn't the same as being so.

Another lesson from the west has gotten even harder to ignore: Eventually, the books have to be balanced. And that won't get any easier over time.

1. Let's tax Steve Bellone's tough choices

2. Can't we just soak the Hamptons some more?

3. You mean we have to pay for all this stuff?

4. Forget bipartisanship. Bitterness is far more exciting!

5. Missing Steve Levy yet?

LONG ISLANDERS OF THE WEEK: TECH HALL-OF-FAMERS

It isn't quite the Oscars. Then again, Hollywood's unlikely to save the LI economy, and this year's inductees at the Long Island Technology Hall of fame just might. Honored in a swank ceremony at the Garden City Hotel on Wednesday night, Samuel Aronson of Brookhaven Lab, Kevin Tracey of the Feinstein Institute and Paul Richman of Standard Microsystems (and Entrepreneur Award winner Robert Brill of Newlight Associates) are doing just the kind of work that really turn these two counties into Tech Island, USA - or at least Silicon Valley East. We may never compete with Shanghai's wages or Bangalore's repetitive drive. But we have the educated population, the creative spark, the proximate capital and the entrepreneur drive to make technology the engine of LI's 21st century economy. Here's hoping these four keep pushing us there.

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