WOODBURY - County Executive Ed Mangano (R-Nassau) has decided to drop the county's lawsuit against state watchdog group NIFA over its authority to take over Nassau's finances.
A six-person NIFA board had voted in January to take over Nassau's finances because it deemed Mangano's budget unbalanced. The group has also said that the county is in a state of fiscal emergency.
In response, Mangano filed a lawsuit in February, but some county lawmakers called on him to drop the claim, arguing that taxpayers would have to pick up the tab in court.
The county's attorney, John Ciampoli, says that while Mangano has agreed to work with NIFA, he plans to keep his promise to taxpayers that they will not see an increase in property taxes.
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