NIFA tells Nassau to find $31M or cut spending

Posted: Updated:

The Nassau Interim Finance Authority says Nassau lawmakers must find $31 million to balance the county budget.

The NIFA board of directors unanimously rejected the 2018 budget proposal put forth by the Nassau County Legislature. The plan stripped $60 million worth of fee hikes associated with red-light camera tickets and real estate transactions. NIFA says that move resulted in an unbalanced budget. 

NIFA says lawmakers must either come up with $31.5 million in recurring revenue or cut spending by that same amount. They have until Nov. 27 to come back with a plan.

If the Legislature holds its ground, NIFA could unilaterally enact spending cuts. Newsday columnist Joye Brown says that is unlikely, however.

“Somebody is going to have back down on this thing, and my guess is it probably will end up being NIFA,” says Brown.

Instead, Brown says NIFA could delay its budget deadline and negotiate with incoming County Executive Laura Curran. A Curran transition team spokesperson told News 12, “County Executive-elect Curran looks forward to engaging in conversation about the pressing issues facing Nassau County. She's excited to get to work with the Legislature and NIFA."
 

  • Top StoriesMore>>

  • Accused drunk driver to be arraigned in death of Boy Scout

    Accused drunk driver to be arraigned in death of Boy Scout

    Tuesday, October 16 2018 5:45 AM EDT2018-10-16 09:45:32 GMT

    Last week, Thomas Murphy took responsibility for the crash that killed 12-year-old Andrew McMorris in Manorville.

    Last week, Thomas Murphy took responsibility for the crash that killed 12-year-old Andrew McMorris in Manorville.

  • Vote: School Spirit Showdown Top 12

    Vote: School Spirit Showdown Top 12

    Friday, September 14 2018 9:47 AM EDT2018-09-14 13:47:58 GMT
    Let the battle for bragging rights begin! It's time to prove that your school RULES!Let the battle for bragging rights begin! It's time to prove that your school RULES!

    Let the battle for bragging rights begin! News 12 Long Island is launching a new series, School Spirit Showdown! It's time to prove that your school RULES! 

    Let the battle for bragging rights begin! News 12 Long Island is launching a new series, School Spirit Showdown! It's time to prove that your school RULES! 

  • Police: $50K in jewelry stolen from Lindenhurst home

    Police: $50K in jewelry stolen from Lindenhurst home

    Tuesday, October 16 2018 6:08 AM EDT2018-10-16 10:08:00 GMT

    The missing pieces include a diamond watch and necklace, and a diamond encrusted Yankees ring from their 1998 World Series championship season.

    The missing pieces include a diamond watch and necklace, and a diamond encrusted Yankees ring from their 1998 World Series championship season.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account 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."