For the third year in a row, Nassau County Executive Edward P. Mangano’s No-Property Tax Increase Budget was passed by the County Legislature. The budget restricts spending for a second consecutive year while continuing to deliver essential services for residents. Aggressive fiscal management and a continued commitment to spending cuts is evident as County Executive Mangano and the Republican Legislative Caucus have cut over $290 million in spending from Nassau’s budget since 2009.
Restricts Spending While Delivering Essential Services
For the third year in a row, Nassau County Executive Edward P. Mangano delivered to the Legislature a No-Property Tax Increase Budget that reduces spending for a second consecutive year and continues to deliver
Building upon Nassau County Executive Edward P. Mangano efforts to reduce spending and protect residents from a property tax hike, the County today entered into a partnership with Universal Management Technology Solutions, Inc. (UMS) to identify and obtain additional agency savings through strategic
Nassau Comptroller George Maragos said this week that the county was likely to end 2011 with a slight surplus – in direct contrast to a state board’s dismal estimation of the County’s year-end financial deficit.
Former County Executive Tom Suozzi “hemorrhaged” money during his 8-year tenure and that’s why the deficit got so large, said a Nassau resident who testified today before the County Legislature, in defense of County Executive Ed Mangano’s proposed 2012 budget.
LI Herald – September 29, 2011
By Al D’Amato
It’s no secret that Nassau County is going through a rough fiscal period. The county faces an estimated $310 million deficit in 2012. County Executive Ed Mangano is still paying for the previous administrations’ unaffordable labor contracts, the assessment system is broken and the global recession has hit everyone, including Nassau County.
The biggest fiscal challenge facing Nassau County according to Newsday? Contractual union raises coming due to employees, and significantly higher pension and health insurance costs for 2012. These generous contracts and benefits were negotiated by the former County Executive, and pose a $115 million hurdle for Nassau in 2012 alone.
Currently in Nassau, civilian employees earn an average compensation of $121,000 including salary and fringe benefits, while law enforcement earns an average of $180,000 annually in compensation.