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February 26, 2001|
GOP LEGISLATORS: USE SURPLUS WISELY
Pay Down Additional Debt - Reduce Long Term Borrowing
(Mineola, NY) Nassau County Legislator and Minority Leader Peter J. Schmitt (R-Massapequa) is calling upon the County Executive to utilize the recently announced surplus funds wisely and to avoid any temptation to use them for spending above and beyond the adopted 4-year fiscal plan.
"The Administration should not view the announced surplus as an opportunity to return to business as usual," said Legislator Schmitt. "Additional difficult spending cuts must be implemented to truly ensure the long-term fiscal health of our County. We need only to look to some of the more difficult hurdles that need to be cleared in the last two years of the fiscal plan to understand the need to utilize the surplus wisely."
In a related matter, Legislator Schmitt has sent a letter to Frank Zarb, the Chairman of the Nassau Interim Finance Authority (NIFA), submitting several suggestions for NIFA's review with respect to the utilization of the surplus funds. Such suggestions include: