Mangano proposes debt reduction plan

A new plan aims to slash Nassau's deficit by hundreds of millions of dollars. Nassau County Executive Ed Mangano is proposing a debt reduction and

WOODBURY - A new plan aims to slash Nassau's deficit by hundreds of millions of dollars. Nassau County Executive Ed Mangano is proposing a debt reduction and stabilization plan that includes handing two county sewage treatment plants over to a private New Jersey company. Mangano says the move would save taxpayers $750 million and reduce county debt by one quarter. United Water Company of New Jersey and a finance company to be announced later would upgrade the aging Bay Park and Cedar Creek waste treatment plants. Democrats, like Legislator Wayne Wink, say the move is a short-term fix for Nassau's $3 billion budget deficit. Mangano promises no water or sewer rate hikes for three years, leading some residents to support the plan. There will be three public hearings on the plan, which also requires approval from the Nassau County Interim Finance Authority (NIFA) and the Nassau County Legislature.

advertisement | advertise on News 12

Top 5 Must See

The Heartland Town Square project calls for 9,000 1 Meeting held on controversial Heartland Town Square project
It was eight years ago the recession was 2 State budget talks continue over extension of millionaire's tax
Islip Town officials updated residents on the future 3 Town gives update on Roberto Clemente Park reopening
A Lynbrook village police officer suffered broken bones 4 Lynbrook officer hurt responding to bank call; 2 arrested
According to police, the teens had just left 5 Police: 2 teens robbed walking from school in Freeport

advertisement | advertise on News 12

Features

Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Explore the Twin Forks with News 12's Doug Geed.

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

News 12's Danielle Campbell digs into Long Island's roots.

News 12's Lily Stolzberg sees how much Long On The Spot

News 12's Lily Stolzberg sees how much Long Islanders know about everything and anything.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE