NIFA: Nassau's proposed 2012 budget not adding up

The board of the state watchdog agency NIFA says for the second year in a row, Nassau County's proposed budget is not balanced.

According to NIFA, as it stands now, Nassau is expected to end next year with a deficit of nearly $300 million.

"If you spend more than you take in, you have a deficit," says NIFA Chairman Ronald Stack. "This isn't about accounting, this is about common sense."

Like last year, NIFA says County Executive Ed Mangano (R-Nassau) is relying on money that's just not there, such as savings from worker layoffs, labor concessions that will likely be challenged in court and red light cameras that have yet to receive approval from the state Legislature.

NIFA took control of the county's finances last year because Nassau's deficit exceeded 1 percent. The agency's board of directors says if Mangano and the Legislature don't make major changes to the 2012 budget, NIFA could be holding the county's purse strings for awhile.

The county Legislature has to adopt a budget by the end of the month. Questions arise over vote for new Coliseum

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."