NIFA Board Not Happy With Nassau County's Finances
UNIONDALE, NY (WCBS 880) -- A state watchdog group overseeing Nassau County's finances is not happy about the county's budget proposal.
Back and forth arguments over Nassau County's finances are going on in Uniondale where there was a meeting of the NIFA board, or the group that oversees finances.
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Board members rejected the budget proposals submitted by the county because they said it does not close the budget gap.
"April, May and June, they did nothing with their financial planning," said chairman Robert Stack.
County workers say they laid off employees to help balance the budget and even though the county executive said there would be no property tax hike if the Coliseum project is approved, Stack says that's not the case.
"It is going to be financed with a 3.5 to 4 percent property tax increase," he said. "This property tax increase will last 30 years."
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