Nassau County Comptroller Sounds Warning About County Finances

MINEOLA, NY (WCBS 880) – A whopping $53 million budget shortfall is predicted by Nassau County Comptroller George Maragos if nothing is done by the end of this year.

WCBS 880’s Sophia Hall With The Comptroller

Nassau County is already in a money mess.

Earlier this year, the county’s finances were taken over by state watchdog group Nassau Interim Finance Authority.

Maragos said to balance the budget, early retirements, layoffs, department cuts, and pay furloughs must be implemented.

Maragos said there could have been an $8 million surplus, but NIFA would not allow the county to borrow to pay for tax refunds.

He does say that NIFA has helped the county financially, noting “the allowance of wage freezes and that resulted in a benefit of $9.7 million.”

More from Sophia Hall

One Comment

  1. DanTe says:

    It’s easily solvable. Just vote the deficit away. All you need to do is vote. You want the sky to be green? Just vote and you’ll get it. You want a free house and car every year? Just vote and you’ll get it.

    [The above is your typical Long Island ingrained stupidity.]


    –the mismanagement of nassau county’s finances is unbelievable !! Residents there pay the highest taxes in the country !!!

  3. Steve says:

    The party had to come to an end sometime. Shut it down. Shut the whole thing down, and start over. No one will die.

Comments are closed.

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