Nassau County Budget Plan Keeps Taxes Flat, Calls For Future Borrowing
MINEOLA, N.Y. (CBSNewYork) - Nassau County Executive Ed Mangano has released his 2014 budget proposal, and that's provided new fodder for his Democratic challenger just a few months ahead of Election Day.
As WCBS 880 Long Island Bureau Chief Mike Xirinachs reported, the Republican's $2.79 billion budget proposal does not raise taxes and holds the line on spending.
The plan would trim spending by $1.2 million, with the funds coming from early childhood intervention and special education programs, according to Newsday.
Nassau County Budget Plan Keeps Taxes Flat, Calls For Future Borrowing
But the multi-year plan projects borrowing millions next year for the county's tax refund burden.
Mangano's challenger and former county executive Tom Suozzi said the budget plan does nothing to solve the county's debt.
"If you look at this budget and this plan, he's borrowing over $3 billion over the next four years. We can't give him a chance to get back into office and borrow that money and put us even deeper into debt," said Suozzi.
Mangano calls the spending plan one that protects families and paves the way for continued economic growth, but Suozzi says it's a plan filled with holes that can't be trusted.
Property taxes have not gone up since Mangano took office in 2010.
The spending plan now goes to the legislature for review. The lawmakers have until late October to pass a 2014 budget, Xirinachs reported.
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