Nassau County Executive Edward P. Mangano and Nassau Interim Finance Authority Chairman Ron Stack teleconferenced today with respect to the Legislature’s failure to act. County Executive Mangano and Chairman Stack agreed to meet this week to finalize a modified fiscal plan which will include further cuts.
County Executive Mangano stated, “NIFA and I developed a fiscal stabilization plan for Nassau that held the line on property taxes while ending the County’s reliance on borrowing. It’s unfortunate that Democrat leaders derailed this plan and put politics ahead of our resident’s best interests. Working together, NIFA and I will do all in our power to address today’s actions in a responsible manner while protecting taxpayers. The County and NIFA will work cooperatively to reach a modified plan as expeditiously as possible.”