NIFA deciding fate of Nassau's budget

UNIONDALE - The Nassau Interim Finance Authority (NIFA), a state oversight board, began reviewing the county's finances today, and if the numbers in the 2011 budget don't add up, Nassau could lose control of its purse strings.NIFA met in Uniondale today to decide if the board should use its mandate to take over the county's budget. Legislator Wayne Wink (D-Roslyn) says as soon as he saw County Executive Ed Mangano's (R-Nassau) 2011 budget, he thought there was too much borrowing in it and not enough revenue. The budget includes $60 million in union concessions Mangano factored in that never came to fruition. "Quite frankly, the county is really at the precipice, and it's very disconcerting to know there are so many balls in the air," Wink says. Just days ago, Mangano announced another $23 million in cuts, but it remains to be seen if it will be enough for NIFA to leave the county executive in charge of Nassau's budget.

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