Building upon Nassau County Executive Edward P. Mangano efforts to reduce spending and protect residents from a property tax hike, the County today entered into a partnership with Universal Management Technology Solutions, Inc. (UMS) to identify and obtain additional agency savings through strategic sourcing services. Grant Thornton LLP, a financial advisory firm retained by the Nassau County Interim Finance Authority (NIFA), suggested that the County could save $15 million to $25 million annually by contracting for strategic sourcing services.
“My administration is working tirelessly to protect taxpayers by eliminating wasteful spending and implementing efficiencies,” said County Executive Mangano. “I have cut over $200 million in fat from Nassau’s budget and this initiative will further assist in achieving greater savings for our residents.”
Under the contract approved today by the Legislature, UMS will review agency spending and contracted services, as well as inventory and usage of purchased products, to determine Nassau County’s use-based needs as compared to historical purchasing. This “needs-based” approach to government spending will assist in County Executive Mangano’s efforts to reduce spending. Since taking office, County Executive Mangano has eliminated over $200 million annually in wasteful spending by cutting the size of government and implementing successful public-private partnerships.