Report: Nassau County's rainy day fund runs large deficit

Posted: Updated:
NASSAU COUNTY -

Nassau County is facing a $122 million deficit, according to a 2017 report released by Comptroller Jack Schnirman Monday.

The report shows the county's unassigned fund balance is in the red by $68.8 million.

Schnirman says Nassau County also owes hundreds of millions for tax liabilities and pension costs.

County Executive Laura Curran and Schnirman are placing the blame on their predecessors.

"The comptroller’s report once again illustrates that the prior administration drained the county’s cash and spent more in 2017 than they did in 2016 without a source of funding," says Curran.

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