MINEOLA - A state Supreme Court justice today temporarily blocked a state watchdog agency from taking control over Nassau's finances until he decides whether the move is legal.

County Executive Ed Mangano (R-Nassau) insists NIFA's decision to take over Nassau's purse strings is "unfounded."

This morning, Nassau County asked Judge Arthur Diamond to grant a preliminary injunction that would halt NIFA's takeover.

The halt would prevent NIFA from exercising any control over Nassau County's finances.

The judge also ruled that while he's making his decision, the county will not have to submit a revised budget by next week, which NIFA demanded.

While both sides await the judge's decision, county officials say they will be meeting with NIFA about what to do with the county's finances, particularly raises for county union workers that are set to go into affect April 1.

CSEA president Jerry Laricchiuta says NIFA has the power to order a wage freeze that could affect the 7,000 county employees he represents.

Judge Diamond is expected to reach a decision by March 31.

Mangano defends Nassau's finances on Fox Business NewsNIFA calls on state Supreme Court to dismiss Nassau's lawsuit