NIFA votes to approve Nassau County budget

NIFA had to approve Nassau County's $2.8 billion

NIFA had to approve Nassau County's $2.8 billion budget for it to take effect. (Credit: News 12 Long Island)

WOODBURY - The Nassau County Interim Finance Authority (NIFA) voted unanimously to approve Nassau County's 2013 budget last night.

NIFA had to approve the $2.8 billion budget since the county is under a control period following a financial crisis.

The unanimous vote to approve Nassau's budget and multi-year plan came in the midst of a fiscal crisis in the county.

State watchdog group NIFA also approved $192 million in borrowing to help repair damage Sandy caused.

NIFA's chairman said he expects most of the near $200 million will be reimbursed by FEMA but he wanted to quickly give the go-ahead so the county has the help they need to rebuild.

NIFA says they are concerned that Nassau is helping to balance its budget by freezing worker wages for the next four years and getting nowhere with concessions from the unions.

NIFA director George Marlin also says the county is not accounting for hundreds of millions of dollars it owes in property tax refunds.

After reviewing the state of the county's finances the NIFA board says it is not likely that they will be able to end the control period over Nassau County's finances anytime soon. 

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