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OpinionLetters

Letter: NIFA abandons fiscal stewardship

Nassau County workers rally outside the Uniondale Marriott

Nassau County workers rally outside the Uniondale Marriott on March 10, 2014. Photo Credit: Howard Schnapp

As one of the original appointees to the Nassau Interim Finance Authority, I deplore the vote to lift the wage freeze ["NIFA now owns pay hike deal," Editorial, May 7]. To any thinking person, this says it all: The decline in sales tax revenue, the negligent omission of millions of dollars owed to the pension fund, the softness in the financial projections and the clear overreliance on traffic cameras as a source of revenue.

Intellectual honesty and prudent fiscal analysis demonstrate it is too early to lift the freeze. NIFA has abandoned its fiduciary duty. Chris Wright, the lone NIFA member to vote against the labor contracts, got it right.

David H. Peirez, Garden City
 

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