NIFA declares another fiscal emergency for Nassau County

The Nassau Interim Finance Authority (NIFA) has declared another fiscal emergency for the county and is projecting a $275 million deficit by the end of

WOODBURY - The Nassau Interim Finance Authority (NIFA) has declared another fiscal emergency for the county and is projecting a $275 million deficit by the end of this year.The watchdog group voted today to extend a freeze on county wages for another year. It also approved a police retirement incentive package that aims to save millions.In a statement, County Executive Ed Mangano (R-Nassau) said,"The administration and NIFA set forth a multi-year plan that holds the line on property taxes while stabilizing county finances by cutting waste and reining in labor costs. The incentive approved by NIFA does just that as it eliminates 100 pay checks from the shoulders of taxpayers."

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