Nassau County In A Bind

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Edward Mangano

“Nassau Drops Lawsuit Against NIFA

On Wednesday, Nassau County officials announced they would no longer pursue legal action against the Nassau Interim Finance Authority (NIFA) for what Nassau referred to as an illegal takeover of county finances…Ronald Stack, chairman of the NIFA board, last week urged County Executive Ed Mangano to drop the lawsuit, as $418,000 in taxpayer money had already been spent on the county’s legal fees.” Read story here: Patch

Mangano, a Republican, complained that NIFA would not allow him to count borrowed money as revenue as it had permitted the previous administration of Democratic County Executive Thomas Suozzi to do. But Diamond noted that NIFA had always condemned the practice even if it did not prohibit it in the past. Read more here:Newsday

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